Prism Advisors Inc. Sells 770 Shares of Invesco QQQ (NASDAQ:QQQ)

Prism Advisors Inc. trimmed its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,259 shares of the exchange traded fund's stock after selling 770 shares during the period. Invesco QQQ comprises 2.2% of Prism Advisors Inc.'s portfolio, making the stock its 17th biggest holding. Prism Advisors Inc.'s holdings in Invesco QQQ were worth $7,155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Diversified Enterprises LLC increased its stake in shares of Invesco QQQ by 0.4% in the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock worth $2,679,000 after purchasing an additional 20 shares in the last quarter. Prevail Innovative Wealth Advisors LLC lifted its position in Invesco QQQ by 4.3% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock valued at $247,000 after purchasing an additional 20 shares during the last quarter. Legacy Investment Solutions LLC increased its position in shares of Invesco QQQ by 8.2% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after purchasing an additional 20 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of Invesco QQQ by 0.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after purchasing an additional 20 shares in the last quarter. Finally, Willis Johnson & Associates Inc. boosted its stake in shares of Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after purchasing an additional 21 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.2%

NASDAQ:QQQ traded up $1.37 during midday trading on Monday, reaching $555.57. 14,450,391 shares of the stock traded hands, compared to its average volume of 44,729,336. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $557.63. The company has a fifty day moving average of $527.06 and a 200 day moving average of $505.58.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.

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.