Invesco QQQ (NASDAQ:QQQ) Shares Sold by Vivid Wealth Management LLC

Vivid Wealth Management LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,639 shares of the exchange traded fund's stock after selling 786 shares during the period. Invesco QQQ accounts for about 8.6% of Vivid Wealth Management LLC's holdings, making the stock its 2nd biggest position. Vivid Wealth Management LLC's holdings in Invesco QQQ were worth $17,181,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of QQQ. Wilkins Miller Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $1,018,000. Synergy Investment Management LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $723,000. Grant Private Wealth Management Inc purchased a new position in Invesco QQQ during the 4th quarter worth $815,000. Tandem Investment Partners LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter worth $4,623,000. Finally, Gemsstock Ltd. lifted its stake in shares of Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after acquiring an additional 213,400 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.4%

Shares of NASDAQ:QQQ opened at $534.29 on Tuesday. 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 simple moving average is $494.94 and its 200-day simple moving average is $502.90. The company has a market cap of $334.81 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.

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