Invesco QQQ (NASDAQ:QQQ) is Arcus Capital Partners LLC's 7th Largest Position

Arcus Capital Partners LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,407 shares of the exchange traded fund's stock after selling 3,323 shares during the period. Invesco QQQ comprises 2.7% of Arcus Capital Partners LLC's portfolio, making the stock its 7th largest position. Arcus Capital Partners LLC's holdings in Invesco QQQ were worth $6,756,000 as of its most recent SEC filing.

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

Invesco QQQ Stock Down 0.5%

Shares of NASDAQ:QQQ traded down $2.51 during trading on Thursday, hitting $553.75. 5,709,963 shares of the company traded hands, compared to its average volume of 39,303,704. The business's fifty day moving average is $524.27 and its 200-day moving average is $505.52. Invesco QQQ has a one year low of $402.39 and a one year high of $557.63.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, June 23rd.

Invesco QQQ 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.

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