Berkshire Money Management Inc. lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,756 shares of the exchange traded fund's stock after selling 3,052 shares during the period. Invesco QQQ accounts for about 7.9% of Berkshire Money Management Inc.'s portfolio, making the stock its 2nd biggest position. 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 (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $36,000. Banque Transatlantique SA acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $57,000. Perritt Capital Management Inc bought a new stake in Invesco QQQ during the fourth quarter worth $61,000. Finally, Frazier Financial Advisors LLC boosted its holdings in shares of Invesco QQQ by 1,288.9% in the 4th quarter. Frazier Financial Advisors LLC now owns 125 shares of the exchange traded fund's stock valued at $64,000 after purchasing an additional 116 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Trading Up 0.9%
Shares of QQQ traded up $5.06 during midday trading on Thursday, hitting $546.22. The company's stock had a trading volume of 43,614,634 shares, compared to its average volume of 38,865,350. Invesco QQQ has a one year low of $402.39 and a one year high of $547.05. The company's fifty day simple moving average is $505.63 and its two-hundred day simple moving average is $503.71.
Invesco QQQ Cuts Dividend
The firm also recently announced 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. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Monday, June 23rd.
Invesco QQQ Profile
(
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.
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