Fidelis Capital Partners LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,334 shares of the exchange traded fund's stock after selling 2,511 shares during the quarter. Fidelis Capital Partners LLC's holdings in Invesco QQQ were worth $5,356,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in QQQ. Wilkins Miller Wealth Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $1,018,000. Grant Private Wealth Management Inc bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $815,000. Gemsstock Ltd. lifted its holdings in shares of Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after buying an additional 213,400 shares in the last quarter. Tandem Investment Partners LLC bought a new position in shares of Invesco QQQ during the fourth quarter worth $4,623,000. Finally, Wescott Financial Advisory Group LLC grew its stake in Invesco QQQ by 1.8% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock valued at $75,071,000 after acquiring an additional 2,600 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Down 0.2%
QQQ stock traded down $1.25 during mid-day trading on Friday, hitting $554.20. The company had a trading volume of 39,558,757 shares, compared to its average volume of 39,410,558. The company has a 50-day moving average price of $525.75 and a 200 day moving average price of $505.74. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $557.63.
Invesco QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.
Invesco QQQ Company 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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