Kraft Davis & Associates LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 29.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,697 shares of the exchange traded fund's stock after selling 2,003 shares during the period. Kraft Davis & Associates LLC's holdings in Invesco QQQ were worth $2,082,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the 4th quarter worth about $36,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the 1st quarter worth about $50,000. Banque Transatlantique SA purchased a new stake in Invesco QQQ in the 4th quarter valued at about $57,000. Finally, Perritt Capital Management Inc bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $61,000. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Stock Performance
Shares of QQQ stock traded up $1.87 during trading on Friday, hitting $548.09. The company's stock had a trading volume of 57,440,636 shares, compared to its average volume of 38,939,323. The business has a fifty day moving average of $507.68 and a 200-day moving average of $503.87. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $549.90.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis 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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