Invesco QQQ (NASDAQ:QQQ) Holdings Cut by Larson Financial Group LLC

Larson Financial Group LLC reduced its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,909 shares of the exchange traded fund's stock after selling 6,103 shares during the quarter. Invesco QQQ makes up about 2.6% of Larson Financial Group LLC's holdings, making the stock its 5th largest position. Larson Financial Group LLC's holdings in Invesco QQQ were worth $55,290,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Wilkins Miller Wealth Management LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth $1,018,000. Grant Private Wealth Management Inc purchased a new stake in Invesco QQQ during the fourth quarter valued at about $815,000. Gemsstock Ltd. raised its position in Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after purchasing an additional 213,400 shares in the last quarter. Tandem Investment Partners LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $4,623,000. Finally, Wescott Financial Advisory Group LLC increased its holdings in shares of Invesco QQQ by 1.8% in the fourth quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock worth $75,071,000 after buying an additional 2,600 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.1%

Shares of QQQ traded up $0.57 during trading hours on Wednesday, hitting $557.29. The company had a trading volume of 52,175,503 shares, compared to its average volume of 39,562,358. The stock's 50 day moving average price is $531.45 and its 200 day moving average price is $506.52. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $560.80.

Invesco QQQ Cuts Dividend

The firm 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 dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%.

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.