Consolidated Investment Group LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,500 shares of the exchange traded fund's stock after selling 3,365 shares during the period. Invesco QQQ accounts for about 21.8% of Consolidated Investment Group LLC's holdings, making the stock its largest holding. Consolidated Investment Group LLC's holdings in Invesco QQQ were worth $142,317,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ in the 4th quarter worth approximately $36,000. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth approximately $51,000. Banque Transatlantique SA bought a new position in shares of Invesco QQQ in the 4th quarter worth approximately $57,000. Finally, Perritt Capital Management Inc bought a new position in shares of Invesco QQQ in the 4th quarter worth approximately $61,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Up 0.9%
Shares of NASDAQ:QQQ traded up $4.82 during trading on Monday, hitting $531.65. The stock had a trading volume of 49,844,913 shares, compared to its average volume of 38,683,243. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The firm's fifty day moving average is $500.57 and its 200 day moving average is $503.16.
Invesco QQQ Cuts Dividend
The company 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 $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.44%. 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.
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