Hill Island Financial LLC Sells 1,520 Shares of Invesco QQQ (NASDAQ:QQQ)

Hill Island Financial LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,571 shares of the exchange traded fund's stock after selling 1,520 shares during the period. Invesco QQQ makes up 1.5% of Hill Island Financial LLC's portfolio, making the stock its 12th biggest position. Hill Island Financial LLC's holdings in Invesco QQQ were worth $4,957,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Stonegate Investment Group LLC grew its stake in shares of Invesco QQQ by 1.6% during the first quarter. Stonegate Investment Group LLC now owns 37,747 shares of the exchange traded fund's stock valued at $17,700,000 after purchasing an additional 581 shares during the last quarter. Appleton Partners Inc. MA grew its stake in shares of Invesco QQQ by 7.2% during the first quarter. Appleton Partners Inc. MA now owns 2,666 shares of the exchange traded fund's stock valued at $1,250,000 after purchasing an additional 178 shares during the last quarter. Denver Wealth Management Inc. grew its stake in shares of Invesco QQQ by 3.0% during the first quarter. Denver Wealth Management Inc. now owns 5,910 shares of the exchange traded fund's stock valued at $2,771,000 after purchasing an additional 170 shares during the last quarter. Worth Financial Advisory Group LLC grew its stake in shares of Invesco QQQ by 50.5% during the first quarter. Worth Financial Advisory Group LLC now owns 959 shares of the exchange traded fund's stock valued at $450,000 after purchasing an additional 322 shares during the last quarter. Finally, Cabot Wealth Management Inc. grew its stake in shares of Invesco QQQ by 31.6% during the first quarter. Cabot Wealth Management Inc. now owns 616 shares of the exchange traded fund's stock valued at $289,000 after purchasing an additional 148 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ traded down $2.16 during mid-day trading on Friday, hitting $526.83. 61,548,834 shares of the company traded hands, compared to its average volume of 38,635,178. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The business has a 50-day moving average of $500.57 and a 200 day moving average of $503.28.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

About Invesco QQQ

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.