Community Financial Services Group LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 35.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,454 shares of the exchange traded fund's stock after selling 802 shares during the quarter. Community Financial Services Group LLC's holdings in Invesco QQQ were worth $682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC purchased a new position in Invesco QQQ in the 4th quarter worth about $1,018,000. Synergy Investment Management LLC purchased a new position in Invesco QQQ in the 4th quarter worth about $723,000. Grant Private Wealth Management Inc purchased a new position in Invesco QQQ in the 4th quarter worth about $815,000. Tandem Investment Partners LLC purchased a new position in Invesco QQQ in the 4th quarter worth about $4,623,000. Finally, Gemsstock Ltd. raised its position in Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after buying an additional 213,400 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of NASDAQ:QQQ opened at $531.65 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The business has a 50-day simple moving average of $502.05 and a two-hundred day simple moving average of $503.19.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Monday, June 23rd.
Invesco QQQ Profile
(
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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