Ergawealth Advisors Inc. lessened its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 28.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,312 shares of the exchange traded fund's stock after selling 511 shares during the quarter. Ergawealth Advisors Inc.'s holdings in Invesco QQQ were worth $615,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Wilkins Miller Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $1,018,000. Synergy Investment Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $723,000. Grant Private Wealth Management Inc purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $815,000. Tandem Investment Partners LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $4,623,000. Finally, Gemsstock Ltd. grew its holdings in shares of Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after buying an additional 213,400 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Down 0.4%
NASDAQ:QQQ opened at $526.83 on Friday. The company's 50 day moving average price is $500.57 and its 200-day moving average price is $503.28. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.
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 was Monday, March 24th.
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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