Nelson Capital Management LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 25.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,686 shares of the exchange traded fund's stock after selling 564 shares during the quarter. Nelson Capital Management LLC's holdings in Invesco QQQ were worth $791,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ in the first quarter worth approximately $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the first quarter valued at $51,000. Finally, Banque Transatlantique SA purchased a new stake in Invesco QQQ during the fourth quarter valued at about $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Price Performance
QQQ stock opened at $563.37 on Tuesday. The firm has a 50-day simple moving average of $534.38 and a 200-day simple moving average of $507.13. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $566.06.
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%.
Invesco QQQ Profile
(
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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