Sharkey Howes & Javer cut its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 32.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,493 shares of the exchange traded fund's stock after selling 723 shares during the quarter. Sharkey Howes & Javer's holdings in Invesco QQQ were worth $700,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the 4th quarter valued at $36,000. Alpine Bank Wealth Management purchased a new position in Invesco QQQ during the 1st quarter worth $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ during the 1st quarter worth $51,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ in the 4th quarter worth $57,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Down 0.2%
Shares of Invesco QQQ stock traded down $1.25 on Friday, reaching $554.20. 39,558,757 shares of the stock were exchanged, compared to its average volume of 39,410,558. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.63. The business has a fifty day moving average price of $525.75 and a two-hundred day moving average price of $505.74.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.
Invesco QQQ Profile
(
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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