Sigma Planning Corp reduced its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,317 shares of the exchange traded fund's stock after selling 2,216 shares during the quarter. Invesco QQQ accounts for approximately 2.0% of Sigma Planning Corp's holdings, making the stock its 5th biggest holding. Sigma Planning Corp's holdings in Invesco QQQ were worth $63,922,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilkins Miller Wealth Management LLC purchased a new position in shares of Invesco QQQ during the fourth quarter worth approximately $1,018,000. Grant Private Wealth Management Inc purchased a new position in Invesco QQQ during the fourth quarter valued at approximately $815,000. Gemsstock Ltd. increased its holdings 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 buying an additional 213,400 shares during the period. Tandem Investment Partners LLC purchased a new position in Invesco QQQ during the fourth quarter valued at approximately $4,623,000. Finally, Wescott Financial Advisory Group LLC increased its holdings in Invesco QQQ by 1.8% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock valued at $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 Performance
QQQ stock traded up $4.51 during trading on Thursday, hitting $561.80. 40,157,109 shares of the company's stock traded hands, compared to its average volume of 39,499,059. The business has a fifty day simple moving average of $532.92 and a two-hundred day simple moving average of $506.84. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $562.31.
Invesco QQQ Cuts Dividend
The company also recently announced 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. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.42%.
About Invesco QQQ
(
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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