Invesco QQQ (NASDAQ:QQQ) Shares Sold by Nicholas Hoffman & Company LLC.

Key Points

• Nicholas Hoffman & Company LLC reduced its holdings in Invesco QQQ by 40.9%, now owning 96,779 shares worth approximately $45.4 million, making it the firm's 12th largest position.
• Invesco QQQ's stock saw a 0.7% decline, with a recent valuation of $560.27 and a 1-year range between $402.39 and $574.63.
• Several hedge funds have increased their positions in Invesco QQQ significantly, with Goldman Sachs growing its stake by 959.6%, now holding over $11.3 billion in shares.

Nicholas Hoffman & Company LLC. decreased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 40.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,779 shares of the exchange traded fund's stock after selling 66,880 shares during the quarter. Invesco QQQ makes up approximately 1.3% of Nicholas Hoffman & Company LLC.'s holdings, making the stock its 12th largest holding. Nicholas Hoffman & Company LLC.'s holdings in Invesco QQQ were worth $45,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $36,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the first quarter worth approximately $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ in the first quarter worth $51,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $7.05 during trading hours on Wednesday, reaching $567.32. The company had a trading volume of 41,127,391 shares, compared to its average volume of 44,353,172. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $574.63. The stock's fifty day simple moving average is $545.89 and its 200 day simple moving average is $511.31.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

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.