Invesco QQQ (NASDAQ:QQQ) Shares Sold by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 8,945 shares of the exchange traded fund's stock after selling 698 shares during the period. Journey Strategic Wealth LLC's holdings in Invesco QQQ were worth $4,195,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Advisor OS LLC boosted its holdings in shares of Invesco QQQ by 32.1% in the 1st quarter. Advisor OS LLC now owns 7,270 shares of the exchange traded fund's stock valued at $3,409,000 after buying an additional 1,766 shares during the period. AJ Advisors LLC boosted its holdings in shares of Invesco QQQ by 3.7% in the 1st quarter. AJ Advisors LLC now owns 47,733 shares of the exchange traded fund's stock valued at $22,383,000 after buying an additional 1,713 shares during the period. NorthStar Asset Management LLC NJ boosted its holdings in shares of Invesco QQQ by 5.6% in the 1st quarter. NorthStar Asset Management LLC NJ now owns 6,130 shares of the exchange traded fund's stock valued at $2,875,000 after buying an additional 324 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of Invesco QQQ by 10.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 188,479 shares of the exchange traded fund's stock valued at $88,381,000 after buying an additional 17,103 shares during the period. Finally, Opes Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 54.7% in the 1st quarter. Opes Wealth Management LLC now owns 1,522 shares of the exchange traded fund's stock valued at $714,000 after buying an additional 538 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.2%

Shares of NASDAQ QQQ traded up $1.20 during midday trading on Thursday, hitting $565.01. The company's stock had a trading volume of 42,156,201 shares, compared to its average volume of 40,549,944. The firm's fifty day moving average price is $538.24 and its 200-day moving average price is $508.49. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $566.24.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Monday, June 23rd.

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.