Oppenheimer Asset Management Inc. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,276 shares of the exchange traded fund's stock after selling 2,272 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Invesco QQQ were worth $25,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ during the fourth quarter worth approximately $36,000. Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ during the fourth quarter worth approximately $51,000. Banque Transatlantique SA bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $57,000. Finally, Perritt Capital Management Inc purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at $61,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of QQQ stock traded up $1.87 on Friday, hitting $548.09. 57,132,186 shares of the company's stock traded hands, compared to its average volume of 38,938,856. The company's fifty day simple moving average is $507.68 and its 200 day simple moving average is $503.87. Invesco QQQ has a one year low of $402.39 and a one year high of $549.90.
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 is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.
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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