Westwood Holdings Group Inc. lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,609 shares of the exchange traded fund's stock after selling 609 shares during the quarter. Westwood Holdings Group Inc.'s holdings in Invesco QQQ were worth $17,636,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ in the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the 4th quarter worth $36,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the 1st quarter worth $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the 1st quarter worth $51,000. Finally, Banque Transatlantique SA acquired a new stake in Invesco QQQ in the 4th quarter worth $57,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
NASDAQ QQQ traded up $1.92 during midday trading on Thursday, hitting $569.24. The company had a trading volume of 44,049,632 shares, compared to its average volume of 44,292,076. The firm has a fifty day simple moving average of $547.85 and a two-hundred day simple moving average of $512.02. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $574.63.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.
Invesco QQQ Company Profile
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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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