Invesco QQQ (NASDAQ:QQQ) Stake Trimmed by Masso Torrence Wealth Management Inc.

Masso Torrence Wealth Management Inc. lowered its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,992 shares of the exchange traded fund's stock after selling 991 shares during the quarter. Invesco QQQ makes up 4.0% of Masso Torrence Wealth Management Inc.'s investment portfolio, making the stock its 6th largest holding. Masso Torrence Wealth Management Inc.'s holdings in Invesco QQQ were worth $7,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of QQQ. Proficio Capital Partners LLC boosted its position in Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. NWI Management LP boosted its position in Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares during the period. GAMMA Investing LLC boosted its position in Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after acquiring an additional 1,868,580 shares during the period. Senator Investment Group LP acquired a new stake in Invesco QQQ during the 4th quarter worth about $679,936,000. Finally, Artemis Wealth Advisors LLC boosted its position in Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after acquiring an additional 895,277 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $526.83 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The business has a 50-day moving average price of $500.57 and a two-hundred day moving average price of $503.28.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

Invesco QQQ 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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