Invesco QQQ (NASDAQ:QQQ) Shares Sold by Goldstein Advisors LLC

Goldstein Advisors LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,677 shares of the exchange traded fund's stock after selling 504 shares during the quarter. Invesco QQQ makes up about 0.6% of Goldstein Advisors LLC's portfolio, making the stock its 25th biggest holding. Goldstein Advisors LLC's holdings in Invesco QQQ were worth $4,069,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC raised its position in shares of Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares during the last quarter. NWI Management LP increased its position in shares of Invesco QQQ by 121.6% during the fourth 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 stake in Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the last quarter. Senator Investment Group LP acquired a new position in Invesco QQQ in the 4th quarter valued at $679,936,000. Finally, Asset Planning Services Inc. LA ADV lifted its holdings in Invesco QQQ by 100,517.9% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock valued at $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 Trading Up 0.3%

QQQ traded up $1.87 on Friday, hitting $548.09. 57,440,636 shares of the company's stock were exchanged, compared to its average volume of 38,939,323. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $549.90. The firm has a 50-day moving average price of $507.68 and a 200-day moving average price of $503.87.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, June 23rd.

Invesco QQQ 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.