Investment Advisory Services Inc. TX ADV reduced its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,609 shares of the exchange traded fund's stock after selling 675 shares during the quarter. Invesco QQQ comprises approximately 8.8% of Investment Advisory Services Inc. TX ADV's investment portfolio, making the stock its 2nd biggest holding. Investment Advisory Services Inc. TX ADV's holdings in Invesco QQQ were worth $24,200,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the 4th quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the first quarter valued at $50,000. Banque Transatlantique SA acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $57,000. Finally, Perritt Capital Management Inc purchased a new position in Invesco QQQ in the 4th quarter worth $61,000. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
QQQ traded up $1.87 on Friday, reaching $548.09. 57,440,636 shares of the stock were exchanged, compared to its average volume of 38,939,323. The company's 50-day moving average price is $507.68 and its 200 day moving average price is $503.87. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $549.90.
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.
About Invesco QQQ
(
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.
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