Artemis Wealth Advisors LLC Trims Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Artemis Wealth Advisors LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 819,291 shares of the exchange traded fund's stock after selling 9,044 shares during the quarter. Invesco QQQ makes up 80.6% of Artemis Wealth Advisors LLC's holdings, making the stock its largest holding. Artemis Wealth Advisors LLC owned 0.13% of Invesco QQQ worth $384,182,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of QQQ. Naviter Wealth LLC increased its stake in Invesco QQQ by 8.8% in the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after acquiring an additional 107 shares during the last quarter. Eagle Capital Management LLC increased its stake in Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after acquiring an additional 185 shares during the last quarter. Brighton Jones LLC increased its stake in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after buying an additional 176 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its holdings in shares of Invesco QQQ by 3.1% in the 4th quarter. Proficio Capital Partners LLC now owns 23,065 shares of the exchange traded fund's stock worth $11,791,000 after buying an additional 687 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded down $4.19 during trading hours on Monday, reaching $552.03. The company's stock had a trading volume of 45,126,311 shares, compared to its average volume of 39,298,469. The firm has a 50 day moving average price of $519.53 and a 200-day moving average price of $504.60. Invesco QQQ has a one year low of $402.39 and a one year high of $557.20.

Invesco QQQ Cuts Dividend

The firm 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 $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%.

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.