Invesco QQQ (NASDAQ:QQQ) Holdings Trimmed by Verde Capital Management

Verde Capital Management reduced its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,464 shares of the exchange traded fund's stock after selling 533 shares during the quarter. Invesco QQQ comprises about 2.2% of Verde Capital Management's portfolio, making the stock its 10th largest position. Verde Capital Management's holdings in Invesco QQQ were worth $7,720,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of QQQ. Proficio Capital Partners LLC boosted its stake in shares of Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the last quarter. NWI Management LP raised its holdings in Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC grew its holdings in Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Finally, Senator Investment Group LP acquired a new stake in Invesco QQQ in the fourth quarter worth $679,936,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.6%

NASDAQ:QQQ traded down $3.24 during trading hours on Friday, reaching $516.69. The company had a trading volume of 67,585,697 shares, compared to its average volume of 37,676,372. The firm has a market cap of $323.78 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The business's 50-day simple moving average is $478.06 and its two-hundred day simple moving average is $501.02. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders 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.

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.