Dynamic Advisor Solutions LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,336 shares of the exchange traded fund's stock after selling 8,640 shares during the period. Invesco QQQ comprises about 2.3% of Dynamic Advisor Solutions LLC's holdings, making the stock its 2nd largest holding. Dynamic Advisor Solutions LLC's holdings in Invesco QQQ were worth $69,089,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $37,000. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at about $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ during the 4th quarter worth approximately $57,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
Invesco QQQ stock traded down $0.09 during trading hours on Wednesday, reaching $528.99. The company had a trading volume of 42,317,332 shares, compared to its average volume of 38,467,122. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The company has a 50-day moving average price of $496.20 and a 200 day moving average price of $503.08.
Invesco QQQ Cuts Dividend
The company also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.
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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