Segment Wealth Management LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,669 shares of the exchange traded fund's stock after selling 957 shares during the quarter. Invesco QQQ accounts for approximately 2.5% of Segment Wealth Management LLC's investment portfolio, making the stock its 4th largest holding. Segment Wealth Management LLC's holdings in Invesco QQQ were worth $37,358,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Wilkins Miller Wealth Management LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at about $1,018,000. Synergy Investment Management LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $723,000. Grant Private Wealth Management Inc bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $815,000. Tandem Investment Partners LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $4,623,000. Finally, Gemsstock Ltd. boosted its holdings in shares of Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after purchasing an additional 213,400 shares during the period. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Performance
QQQ opened at $528.99 on Friday. The stock's fifty day moving average is $499.12 and its two-hundred day moving average is $503.35. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.
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 given 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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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