Vivid Wealth Management LLC lowered its stake in 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 SEC. The institutional investor owned 36,639 shares of the exchange traded fund's stock after selling 786 shares during the quarter. Invesco QQQ comprises approximately 8.6% of Vivid Wealth Management LLC's investment portfolio, making the stock its 2nd biggest holding. Vivid Wealth Management LLC's holdings in Invesco QQQ were worth $17,181,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ in the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the fourth quarter worth approximately $36,000. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $51,000. Banque Transatlantique SA bought a new position in Invesco QQQ during the fourth quarter worth $57,000. Finally, Perritt Capital Management Inc bought a new stake in Invesco QQQ in the 4th quarter valued at about $61,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
NASDAQ QQQ traded down $2.16 during trading hours on Friday, hitting $526.83. The company's stock had a trading volume of 61,472,255 shares, compared to its average volume of 38,619,074. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The company's 50-day simple moving average is $499.12 and its two-hundred day simple moving average is $503.35.
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 dividend of $0.7157 per share. The ex-dividend date of this dividend 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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