CJM Wealth Advisers Ltd. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,327 shares of the exchange traded fund's stock after selling 9,589 shares during the quarter. Invesco QQQ comprises approximately 17.1% of CJM Wealth Advisers Ltd.'s portfolio, making the stock its 2nd biggest position. CJM Wealth Advisers Ltd.'s holdings in Invesco QQQ were worth $48,452,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in QQQ. PayPay Securities Corp increased its position in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ during the 4th quarter worth approximately $36,000. Roxbury Financial LLC acquired a new position in Invesco QQQ during the fourth quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the fourth quarter worth approximately $51,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
Shares of QQQ stock traded up $0.78 during trading hours on Monday, hitting $530.70. The stock had a trading volume of 33,460,220 shares, compared to its average volume of 38,043,835. The firm has a market capitalization of $332.56 billion, a PE ratio of 32.66 and a beta of 1.11. The stock's 50 day moving average is $483.20 and its 200 day moving average is $501.85. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.
Invesco QQQ Cuts Dividend
The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.
About Invesco QQQ
(
Free Report)
PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.
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