WJ Wealth Management LLC Sells 2,608 Shares of Invesco QQQ (NASDAQ:QQQ)

WJ Wealth Management LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,804 shares of the exchange traded fund's stock after selling 2,608 shares during the quarter. Invesco QQQ makes up about 3.8% of WJ Wealth Management LLC's holdings, making the stock its 10th largest position. WJ Wealth Management LLC's holdings in Invesco QQQ were worth $10,694,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $51,000. Finally, Banque Transatlantique SA acquired a new position in Invesco QQQ during the fourth quarter worth approximately $57,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.3%

QQQ traded up $1.87 during trading on Friday, hitting $548.09. 57,440,636 shares of the stock were exchanged, compared to its average volume of 39,006,887. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $549.99. The stock has a fifty day moving average price of $509.76 and a two-hundred day moving average price of $503.88.

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 given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, June 23rd.

Invesco QQQ Company Profile

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.