Sulzberger Capital Advisors Inc. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 35.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,368 shares of the exchange traded fund's stock after selling 1,310 shares during the quarter. Invesco QQQ accounts for approximately 1.5% of Sulzberger Capital Advisors Inc.'s investment portfolio, making the stock its 17th biggest position. Sulzberger Capital Advisors Inc.'s holdings in Invesco QQQ were worth $1,110,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of QQQ. PayPay Securities Corp grew its stake in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $51,000. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Up 1.0%
Shares of NASDAQ:QQQ opened at $529.92 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The firm's 50 day moving average price is $483.20 and its 200 day moving average price is $501.88. The stock has a market cap of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders 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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