Concurrent Investment Advisors LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.6% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 120,047 shares of the exchange traded fund's stock after selling 11,244 shares during the quarter. Invesco QQQ comprises approximately 1.4% of Concurrent Investment Advisors LLC's portfolio, making the stock its 9th biggest position. Concurrent Investment Advisors LLC's holdings in Invesco QQQ were worth $56,293,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of QQQ. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $36,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the first quarter worth $51,000. Finally, Banque Transatlantique SA bought a new position in shares of Invesco QQQ during the fourth quarter worth $57,000. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Performance
NASDAQ QQQ traded up $5.08 during trading on Friday, hitting $555.88. 26,443,524 shares of the stock traded hands, compared to its average volume of 39,274,525. The firm has a 50-day simple moving average of $519.53 and a 200-day simple moving average of $504.75. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $557.20.
Invesco QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.
Invesco QQQ Company 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.
Featured Stories
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
