Invesco QQQ (NASDAQ:QQQ) Shares Sold by Hurlow Wealth Management Group Inc.

Key Points

• Hurlow Wealth Management Group Inc. has reduced its holdings in Invesco QQQ by 37.9%, selling 749 shares and now owning a total of 1,229 shares worth $576,000.
• Other large investors such as Ameriprise Financial Inc. and Price T Rowe Associates Inc. increased their stakes in Invesco QQQ by 20.2% and 34.8% respectively in the previous quarter.
• Invesco QQQ's stock price has seen a 0.5% decline, with current trading at $565.01, while annual dividend yield stands at 0.4% based on a recent quarterly dividend payment.

Hurlow Wealth Management Group Inc. decreased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 37.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,229 shares of the exchange traded fund's stock after selling 749 shares during the period. Hurlow Wealth Management Group Inc.'s holdings in Invesco QQQ were worth $576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ in the 4th quarter valued at about $36,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ during the first quarter valued at about $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ during the first quarter worth about $51,000. Finally, Banque Transatlantique SA purchased a new stake in Invesco QQQ during the 4th quarter worth approximately $57,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ traded down $11.13 during trading on Friday, reaching $553.88. The company's stock had a trading volume of 69,290,965 shares, compared to its average volume of 40,141,440. The company has a fifty day moving average of $543.12 and a two-hundred day moving average of $510.39. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $574.63.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.

About Invesco QQQ

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.