CHURCHILL MANAGEMENT Corp decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 26.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,356,746 shares of the exchange traded fund's stock after selling 483,279 shares during the period. Invesco QQQ accounts for 8.1% of CHURCHILL MANAGEMENT Corp's investment portfolio, making the stock its 2nd biggest holding. CHURCHILL MANAGEMENT Corp owned 0.21% of Invesco QQQ worth $636,205,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ during the 4th quarter worth approximately $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $51,000. Finally, Banque Transatlantique SA bought a new stake in shares of Invesco QQQ during the 4th quarter worth $57,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ traded up $5.08 during trading hours on Friday, reaching $555.88. 26,443,524 shares of the stock traded hands, compared to its average volume of 39,231,028. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $557.20. The company's 50-day simple moving average is $517.86 and its two-hundred day simple moving average is $504.61.
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, June 23rd.
Invesco QQQ Company 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.
Featured Articles
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
