Heritage Investors Management Corp reduced its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,474 shares of the exchange traded fund's stock after selling 636 shares during the quarter. Heritage Investors Management Corp's holdings in Invesco QQQ were worth $2,098,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the 4th quarter valued at about $36,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the 1st quarter valued at about $51,000. Finally, Banque Transatlantique SA acquired a new stake in Invesco QQQ in the 4th quarter valued at about $57,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Stock Down 0.1%
QQQ stock opened at $561.26 on Monday. The business's 50-day moving average is $534.38 and its two-hundred day moving average is $507.13. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $564.73.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. 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 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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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