Edgestream Partners L.P. Cuts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Edgestream Partners L.P. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 15.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,420 shares of the exchange traded fund's stock after selling 5,754 shares during the quarter. Invesco QQQ accounts for approximately 0.5% of Edgestream Partners L.P.'s portfolio, making the stock its 5th largest holding. Edgestream Partners L.P.'s holdings in Invesco QQQ were worth $14,733,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter valued at $36,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the 1st quarter valued at $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ during the 1st quarter valued at $51,000. Finally, Banque Transatlantique SA acquired a new position in Invesco QQQ during the 4th quarter worth $57,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock traded up $4.64 during mid-day trading on Thursday, hitting $561.93. 15,956,716 shares of the company were exchanged, compared to its average volume of 39,472,497. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $561.82. The firm has a fifty day simple moving average of $531.45 and a 200 day simple moving average of $506.52.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, June 23rd.

Invesco QQQ Company 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.