Invesco QQQ (NASDAQ:QQQ) Stock Position Cut by Vicus Capital

Vicus Capital reduced its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,611 shares of the exchange traded fund's stock after selling 4,112 shares during the period. Invesco QQQ accounts for approximately 1.4% of Vicus Capital's holdings, making the stock its 18th biggest position. Vicus Capital's holdings in Invesco QQQ were worth $14,823,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in QQQ. Wealth Group Ltd. lifted its stake in Invesco QQQ by 6.9% during the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after purchasing an additional 102 shares during the last quarter. Tallon Kerry Patrick bought a new position in shares of Invesco QQQ in the fourth quarter valued at $4,904,000. Capital & Planning LLC lifted its position in shares of Invesco QQQ by 5.0% during the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock valued at $2,477,000 after acquiring an additional 229 shares during the last quarter. Naviter Wealth LLC boosted its stake in shares of Invesco QQQ by 8.8% during the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after acquiring an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC grew its holdings in shares of Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after acquiring an additional 185 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.4%

Shares of Invesco QQQ stock opened at $534.29 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The firm has a market capitalization of $334.81 billion, a PE ratio of 32.66 and a beta of 1.11. The stock's fifty day moving average is $494.94 and its 200-day moving average is $502.90.

Invesco QQQ Cuts Dividend

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