Seros Financial LLC Sells 2,504 Shares of Invesco QQQ (NASDAQ:QQQ)

Seros Financial LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,985 shares of the exchange traded fund's stock after selling 2,504 shares during the quarter. Invesco QQQ comprises 9.1% of Seros Financial LLC's holdings, making the stock its 2nd largest position. Seros Financial LLC's holdings in Invesco QQQ were worth $12,185,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. PayPay Securities Corp increased its holdings in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after purchasing an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter valued at about $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at about $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at about $51,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.3%

Shares of QQQ stock traded down $6.70 during mid-day trading on Friday, reaching $526.96. The stock had a trading volume of 55,743,632 shares, compared to its average volume of 38,369,787. The business's fifty day moving average is $490.36 and its 200-day moving average is $502.64. The firm has a market cap of $330.22 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.