Invesco QQQ (NASDAQ:QQQ) Shares Sold by Ndwm LLC

Ndwm LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 64.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,065 shares of the exchange traded fund's stock after selling 3,700 shares during the period. Invesco QQQ comprises 0.9% of Ndwm LLC's holdings, making the stock its 15th largest holding. Ndwm LLC's holdings in Invesco QQQ were worth $968,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the 4th quarter valued at about $36,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $51,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $57,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.1%

NASDAQ:QQQ traded up $0.51 during midday trading on Tuesday, reaching $556.72. 43,060,379 shares of the stock traded hands, compared to its average volume of 39,456,830. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $560.70. The business has a 50-day moving average of $528.46 and a two-hundred day moving average of $505.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.42%. The ex-dividend date is Monday, June 23rd.

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.