Invesco QQQ (NASDAQ:QQQ) Position Decreased by New Perspectives Inc

New Perspectives Inc lowered its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,830 shares of the exchange traded fund's stock after selling 3,744 shares during the period. Invesco QQQ accounts for 14.0% of New Perspectives Inc's investment portfolio, making the stock its 2nd biggest position. New Perspectives Inc's holdings in Invesco QQQ were worth $26,180,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during 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 valued at $36,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the 1st quarter worth $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ in the first quarter valued at $51,000. Finally, Banque Transatlantique SA acquired a new position in Invesco QQQ in the fourth quarter valued at $57,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $548.09 on Monday. The business has a 50-day moving average of $509.76 and a two-hundred day moving average of $503.72. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $552.23.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

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.

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