Virtus Wealth Solutions LLC lowered its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 24.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,361 shares of the exchange traded fund's stock after selling 28,965 shares during the quarter. Invesco QQQ makes up about 12.4% of Virtus Wealth Solutions LLC's holdings, making the stock its 3rd biggest holding. Virtus Wealth Solutions LLC's holdings in Invesco QQQ were worth $40,965,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ in the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $50,000. Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $57,000. Finally, Perritt Capital Management Inc purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $61,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of NASDAQ:QQQ opened at $546.22 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $547.35. The firm has a 50 day simple moving average of $507.68 and a 200-day simple moving average of $503.87.
Invesco QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.
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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