Mine & Arao Wealth Creation & Management LLC. cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,470 shares of the exchange traded fund's stock after selling 1,365 shares during the quarter. Invesco QQQ accounts for approximately 17.7% of Mine & Arao Wealth Creation & Management LLC.'s holdings, making the stock its biggest holding. Mine & Arao Wealth Creation & Management LLC.'s holdings in Invesco QQQ were worth $36,327,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $36,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ during the first quarter valued at approximately $51,000. Finally, Banque Transatlantique SA bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $57,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Down 0.0%
NASDAQ QQQ traded down $0.27 during trading on Wednesday, hitting $556.45. The company had a trading volume of 34,789,567 shares, compared to its average volume of 39,444,629. The company's fifty day moving average is $529.97 and its 200-day moving average is $506.17. Invesco QQQ has a one year low of $402.39 and a one year high of $560.80.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Monday, June 23rd.
Invesco QQQ Profile
(
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.
Read More
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
