Climber Capital SA Has $441,000 Stake in Invesco QQQ (NASDAQ:QQQ)

Climber Capital SA lowered its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 43.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 940 shares of the exchange traded fund's stock after selling 731 shares during the period. Invesco QQQ makes up about 2.6% of Climber Capital SA's investment portfolio, making the stock its 17th largest holding. Climber Capital SA's holdings in Invesco QQQ were worth $441,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of QQQ. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the 4th quarter valued at $36,000. Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at $51,000. Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $57,000. Finally, Perritt Capital Management Inc acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $61,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded up $1.87 during mid-day trading on Friday, reaching $548.09. The company had a trading volume of 57,440,636 shares, compared to its average volume of 38,990,169. The stock has a fifty day moving average of $509.76 and a two-hundred day moving average of $504.06. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $549.99.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

Invesco QQQ Profile

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.