Eclectic Associates Inc. ADV Sells 675 Shares of Invesco QQQ (NASDAQ:QQQ)

Eclectic Associates Inc. ADV lessened its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,617 shares of the exchange traded fund's stock after selling 675 shares during the quarter. Invesco QQQ makes up 1.1% of Eclectic Associates Inc. ADV's holdings, making the stock its 25th largest holding. Eclectic Associates Inc. ADV's holdings in Invesco QQQ were worth $4,040,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wealth Group Ltd. grew its position in shares of Invesco QQQ by 6.9% during the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after buying an additional 102 shares in the last quarter. Tallon Kerry Patrick bought a new position in shares of Invesco QQQ during the 4th quarter worth $4,904,000. Capital & Planning LLC grew its position in shares of Invesco QQQ by 5.0% during the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after buying an additional 229 shares in the last quarter. Naviter Wealth LLC lifted its stake in shares of Invesco QQQ by 8.8% during the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after purchasing an additional 107 shares during the last quarter. Finally, Eagle Capital Management LLC boosted its position in Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ stock traded down $3.98 during trading on Thursday, reaching $524.79. 60,873,940 shares of the company traded hands, compared to its average volume of 37,930,795. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The business has a 50 day simple moving average of $480.94 and a 200 day simple moving average of $501.53. The company has a market capitalization of $337.36 billion, a price-to-earnings ratio of 32.66 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ Profile

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.