Martin Capital Advisors LLP reduced its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,072 shares of the exchange traded fund's stock after selling 830 shares during the period. Invesco QQQ makes up about 4.7% of Martin Capital Advisors LLP's holdings, making the stock its 4th biggest holding. Martin Capital Advisors LLP's holdings in Invesco QQQ were worth $6,599,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the fourth quarter worth about $36,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ during the first quarter worth about $51,000. Finally, Banque Transatlantique SA acquired a new stake in Invesco QQQ during the fourth quarter worth about $57,000. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
Shares of NASDAQ:QQQ traded down $1.25 during trading hours on Friday, hitting $554.20. The stock had a trading volume of 39,558,757 shares, compared to its average volume of 39,419,891. The stock's fifty day simple moving average is $527.06 and its 200 day simple moving average is $505.74. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.63.
Invesco QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.
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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