Capital Advisors Wealth Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,541 shares of the exchange traded fund's stock after selling 1,490 shares during the period. Invesco QQQ makes up about 3.3% of Capital Advisors Wealth Management LLC's investment portfolio, making the stock its 9th largest position. Capital Advisors Wealth Management LLC's holdings in Invesco QQQ were worth $18,542,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ in the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $36,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ in the first quarter worth about $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ in the 1st quarter worth about $51,000. Finally, Banque Transatlantique SA bought a new stake in Invesco QQQ during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Invesco QQQ stock opened at $548.09 on Friday. The firm has a 50-day moving average of $509.76 and a two-hundred day moving average of $503.88. 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 declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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
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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.
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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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