Global Trust Asset Management LLC lowered its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 42.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,209 shares of the exchange traded fund's stock after selling 15,062 shares during the period. Invesco QQQ comprises about 5.8% of Global Trust Asset Management LLC's portfolio, making the stock its largest position. Global Trust Asset Management LLC's holdings in Invesco QQQ were worth $9,476,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in QQQ. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during 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 worth about $36,000. Midwest Capital Advisors LLC bought a new position in Invesco QQQ during the fourth quarter valued at about $51,000. Banque Transatlantique SA purchased a new stake in Invesco QQQ during the fourth quarter worth about $57,000. Finally, Perritt Capital Management Inc bought a new stake in Invesco QQQ in the fourth quarter worth about $61,000. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Stock Performance
QQQ traded down $5.21 during midday trading on Tuesday, reaching $529.08. The company had a trading volume of 41,752,700 shares, compared to its average volume of 38,439,854. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The business has a 50-day moving average price of $494.94 and a two-hundred day moving average price of $502.90. The stock has a market cap of $331.55 billion, a PE ratio of 32.66 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.
Invesco QQQ Company Profile
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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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