Invesco QQQ (NASDAQ:QQQ) Shares Sold by Berkshire Money Management Inc.

Berkshire Money Management Inc. decreased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,756 shares of the exchange traded fund's stock after selling 3,052 shares during the period. Invesco QQQ accounts for 7.9% of Berkshire Money Management Inc.'s investment portfolio, making the stock its 2nd largest holding. Berkshire Money Management Inc.'s holdings in Invesco QQQ were worth $70,692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of QQQ. Riverbend Wealth Management LLC grew its position in Invesco QQQ by 0.3% during the 1st quarter. Riverbend Wealth Management LLC now owns 8,172 shares of the exchange traded fund's stock worth $3,832,000 after purchasing an additional 22 shares during the last quarter. Daymark Wealth Partners LLC grew its position in Invesco QQQ by 5.8% during the 1st quarter. Daymark Wealth Partners LLC now owns 19,890 shares of the exchange traded fund's stock worth $9,327,000 after purchasing an additional 1,087 shares during the last quarter. E&G Advisors LP grew its position in Invesco QQQ by 1.0% during the 1st quarter. E&G Advisors LP now owns 28,514 shares of the exchange traded fund's stock worth $13,371,000 after purchasing an additional 286 shares during the last quarter. Trust Co of Kansas grew its position in Invesco QQQ by 43.8% during the 1st quarter. Trust Co of Kansas now owns 1,368 shares of the exchange traded fund's stock worth $641,000 after purchasing an additional 417 shares during the last quarter. Finally, Mission Hills Financial Advisory LLC boosted its holdings in shares of Invesco QQQ by 6.8% in the first quarter. Mission Hills Financial Advisory LLC now owns 17,882 shares of the exchange traded fund's stock valued at $8,385,000 after acquiring an additional 1,139 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.3%

Shares of NASDAQ:QQQ traded up $1.87 during midday trading on Friday, hitting $548.09. The stock had a trading volume of 57,440,636 shares, compared to its average volume of 38,990,169. 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 has a 1 year low of $402.39 and a 1 year high of $549.99.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.