Invesco QQQ (NASDAQ:QQQ) Stock Position Lowered by Roger Wittlin Investment Advisory LLC

Roger Wittlin Investment Advisory LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,199 shares of the exchange traded fund's stock after selling 457 shares during the period. Invesco QQQ makes up about 3.6% of Roger Wittlin Investment Advisory LLC's holdings, making the stock its 8th largest holding. Roger Wittlin Investment Advisory LLC's holdings in Invesco QQQ were worth $6,189,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ during the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ during the fourth quarter valued at about $36,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the first quarter valued at about $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ during the first quarter valued at about $51,000. Finally, Banque Transatlantique SA purchased a new stake in Invesco QQQ during the fourth quarter valued at about $57,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.2%

NASDAQ QQQ traded down $1.25 during trading hours on Friday, reaching $554.20. 39,558,757 shares of the stock traded hands, compared to its average volume of 39,410,561. The stock has a 50 day simple moving average of $527.06 and a two-hundred day simple moving average of $505.91. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.63.

Invesco QQQ Cuts Dividend

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