Invesco QQQ (NASDAQ:QQQ) Shares Sold by Baring Financial LLC

Baring Financial LLC cut its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,436 shares of the exchange traded fund's stock after selling 1,263 shares during the period. Invesco QQQ comprises 4.1% of Baring Financial LLC's portfolio, making the stock its 6th largest holding. Baring Financial LLC's holdings in Invesco QQQ were worth $4,894,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stephens Consulting LLC increased its holdings in shares of Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock valued at $2,769,000 after acquiring an additional 19 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Invesco QQQ by 1.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after purchasing an additional 20 shares during the last quarter. RAM Investment Partners LLC boosted its holdings in Invesco QQQ by 1.7% in the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock valued at $597,000 after purchasing an additional 20 shares in the last quarter. HighMark Wealth Management LLC increased its stake in Invesco QQQ by 5.2% in the fourth quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock valued at $208,000 after purchasing an additional 20 shares during the last quarter. Finally, Providence First Trust Co increased its stake in Invesco QQQ by 3.0% in the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock valued at $346,000 after purchasing an additional 20 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.6%

Shares of NASDAQ QQQ traded down $3.24 during trading hours on Friday, reaching $516.69. The stock had a trading volume of 67,585,697 shares, compared to its average volume of 37,748,847. The firm has a 50-day moving average of $478.06 and a 200-day moving average of $501.10. The firm has a market cap of $323.78 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco QQQ

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.