Buck Wealth Strategies LLC decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 82.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,697 shares of the exchange traded fund's stock after selling 17,978 shares during the quarter. Buck Wealth Strategies LLC's holdings in Invesco QQQ were worth $1,734,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $36,000. Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $51,000. Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $57,000. Finally, Perritt Capital Management Inc purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $61,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Down 0.4%
Shares of NASDAQ QQQ opened at $526.83 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The business has a fifty day simple moving average of $500.57 and a 200-day simple moving average of $503.28.
Invesco QQQ Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.
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.
Further Reading
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