Midland Wealth Advisors LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 43.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,687 shares of the exchange traded fund's stock after selling 2,873 shares during the period. Midland Wealth Advisors LLC's holdings in Invesco QQQ were worth $1,729,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. Proficio Capital Partners LLC increased its position in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after acquiring an additional 11,478,188 shares in the last quarter. NWI Management LP lifted its holdings in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after purchasing an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after buying an additional 1,868,580 shares during the period. Senator Investment Group LP bought a new position in shares of Invesco QQQ during the fourth quarter worth about $679,936,000. Finally, Artemis Wealth Advisors LLC grew its holdings in shares of Invesco QQQ by 1,337.4% during the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after buying an additional 895,277 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
NASDAQ QQQ traded down $1.80 during trading on Wednesday, hitting $532.41. The stock had a trading volume of 53,362,792 shares, compared to its average volume of 38,250,616. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The company's 50-day moving average price is $485.97 and its two-hundred day moving average price is $502.25. The company has a market capitalization of $333.63 billion, a PE ratio of 32.66 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
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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