Axxcess Wealth Management LLC decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 30.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,104 shares of the exchange traded fund's stock after selling 19,257 shares during the period. Axxcess Wealth Management LLC's holdings in Invesco QQQ were worth $18,818,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. NWI Management LP increased its stake in Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after acquiring an additional 1,868,580 shares during the period. Senator Investment Group LP bought a new stake in Invesco QQQ in the 4th quarter valued at $679,936,000. Spear Holdings RSC Ltd acquired a new position in Invesco QQQ in the 1st quarter worth $474,600,000. Finally, Asset Planning Services Inc. LA ADV increased its holdings in Invesco QQQ by 100,517.9% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after purchasing an additional 931,801 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock traded down $1.25 during trading on Friday, reaching $554.20. The stock had a trading volume of 39,558,757 shares, compared to its average volume of 39,451,836. The stock has a fifty day moving average price of $525.75 and a two-hundred day moving average price of $505.74. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $557.63.
Invesco QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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
(
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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