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Axxcess Wealth Management LLC Sells 19,257 Shares of Invesco QQQ (NASDAQ:QQQ)

Invesco QQQ logo with Finance background

Axxcess Wealth Management LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 30.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,104 shares of the exchange traded fund's stock after selling 19,257 shares during the quarter. Axxcess Wealth Management LLC's holdings in Invesco QQQ were worth $18,818,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the fourth quarter worth about $36,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the first quarter worth about $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the first quarter worth about $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ in the fourth quarter worth about $57,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $0.80 during trading hours on Thursday, reaching $555.45. The stock had a trading volume of 34,532,031 shares, compared to its average volume of 39,450,524. The business's 50 day moving average price is $525.75 and its 200-day moving average price is $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 announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%.

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.

See Also

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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