Invesco QQQ (NASDAQ:QQQ) is jvl associates llc's 5th Largest Position

jvl associates llc lowered its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,029 shares of the exchange traded fund's stock after selling 1,879 shares during the period. Invesco QQQ accounts for about 6.1% of jvl associates llc's holdings, making the stock its 5th biggest position. jvl associates llc's holdings in Invesco QQQ were worth $15,019,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of QQQ. PayPay Securities Corp lifted 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 in the last quarter. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $36,000. Roxbury Financial LLC bought a new stake in Invesco QQQ during the fourth quarter worth $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in Invesco QQQ during the fourth quarter worth $51,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.6%

Invesco QQQ stock traded down $3.24 during mid-day trading on Friday, reaching $516.69. 67,585,697 shares of the company's stock were exchanged, compared to its average volume of 37,676,372. The business's fifty day simple moving average is $478.06 and its 200 day simple moving average is $501.02. The firm has a market capitalization of $323.78 billion, a PE ratio of 30.62 and a beta of 1.11. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Investors 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 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.