Diversify Wealth Management LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,294 shares of the exchange traded fund's stock after selling 1,456 shares during the period. Diversify Wealth Management LLC's holdings in Invesco QQQ were worth $7,748,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of QQQ. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the 4th quarter valued at approximately $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ in the 1st quarter valued at approximately $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the 1st quarter valued at approximately $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ in the 4th quarter valued at approximately $57,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
QQQ stock traded down $1.25 during midday trading on Friday, hitting $554.20. The company's stock had a trading volume of 39,558,757 shares, compared to its average volume of 39,410,558. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $557.63. The firm's 50-day moving average is $525.75 and its 200-day moving average is $505.74.
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. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%.
About Invesco QQQ
(
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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