Invesco QQQ (NASDAQ:QQQ) Shares Sold by MBE Wealth Management LLC

MBE Wealth Management LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,737 shares of the exchange traded fund's stock after selling 5,715 shares during the quarter. Invesco QQQ comprises approximately 11.2% of MBE Wealth Management LLC's investment portfolio, making the stock its largest holding. MBE Wealth Management LLC's holdings in Invesco QQQ were worth $23,323,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC boosted its holdings in Invesco QQQ by 2.3% during the 1st quarter. Wolff Wiese Magana LLC now owns 2,218 shares of the exchange traded fund's stock worth $1,040,000 after acquiring an additional 50 shares during the last quarter. Refined Wealth Management purchased a new position in Invesco QQQ during the 1st quarter worth $11,527,000. EWA LLC boosted its holdings in Invesco QQQ by 5.1% during the 1st quarter. EWA LLC now owns 1,567 shares of the exchange traded fund's stock worth $735,000 after acquiring an additional 76 shares during the last quarter. Constellation Investments Inc. boosted its holdings in shares of Invesco QQQ by 16.8% in the 1st quarter. Constellation Investments Inc. now owns 195,000 shares of the exchange traded fund's stock worth $91,439,000 after buying an additional 28,000 shares during the last quarter. Finally, Integrity Wealth Solutions LLC boosted its holdings in shares of Invesco QQQ by 34.3% in the 1st quarter. Integrity Wealth Solutions LLC now owns 3,303 shares of the exchange traded fund's stock worth $1,549,000 after buying an additional 843 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $526.83 on Friday. The company's 50-day moving average is $500.57 and its 200 day moving average is $503.28. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two 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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