Invesco QQQ (NASDAQ:QQQ) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 14.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,266 shares of the exchange traded fund's stock after selling 3,699 shares during the period. CENTRAL TRUST Co's holdings in Invesco QQQ were worth $10,441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $51,000. Banque Transatlantique SA purchased a new stake in Invesco QQQ during the fourth quarter worth approximately $57,000. Finally, Perritt Capital Management Inc acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $61,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.4%

Shares of QQQ stock opened at $534.29 on Tuesday. The company has a market cap of $334.81 billion, a PE ratio of 32.66 and a beta of 1.11. The company's fifty day simple moving average is $494.94 and its 200-day simple moving average is $502.90. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ Company 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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