Creative Financial Designs Inc. ADV reduced its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,917 shares of the exchange traded fund's stock after selling 597 shares during the period. Creative Financial Designs Inc. ADV's holdings in Invesco QQQ were worth $8,402,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ during the 4th quarter valued at about $36,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ during the 1st quarter worth about $50,000. Banque Transatlantique SA purchased a new position in shares of Invesco QQQ during the 4th quarter worth about $57,000. Finally, Perritt Capital Management Inc acquired a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $61,000. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Price Performance
Invesco QQQ stock traded up $5.06 during trading on Thursday, reaching $546.22. The company had a trading volume of 43,614,634 shares, compared to its average volume of 38,800,639. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $547.05. The stock's 50 day moving average price is $505.63 and its two-hundred day moving average price is $503.71.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 0.43%. 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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