Altus Wealth Management LLC lowered its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,248 shares of the exchange traded fund's stock after selling 1,082 shares during the quarter. Invesco QQQ makes up approximately 15.0% of Altus Wealth Management LLC's portfolio, making the stock its 2nd biggest position. Altus Wealth Management LLC's holdings in Invesco QQQ were worth $32,003,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $36,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter valued at approximately $51,000. Finally, Banque Transatlantique SA bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Up 0.3%
Shares of QQQ stock opened at $548.09 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $549.99. The stock has a 50 day moving average price of $509.76 and a two-hundred day moving average price of $504.06.
Invesco QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.
Invesco QQQ Profile
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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.
See Also
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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