Legacy Advisors LLC cut its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,848 shares of the exchange traded fund's stock after selling 3,035 shares during the quarter. Invesco QQQ makes up approximately 0.8% of Legacy Advisors LLC's investment portfolio, making the stock its 24th largest position. Legacy Advisors LLC's holdings in Invesco QQQ were worth $7,431,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the 4th quarter valued at $36,000. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $51,000. Banque Transatlantique SA acquired a new position in Invesco QQQ in the 4th quarter valued at $57,000. Finally, Perritt Capital Management Inc acquired a new position in Invesco QQQ in the 4th quarter valued at $61,000. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Up 1.5%
NASDAQ:QQQ traded up $8.13 during trading hours on Tuesday, hitting $539.78. The company had a trading volume of 45,312,930 shares, compared to its average volume of 38,714,611. The company has a 50-day moving average of $503.69 and a 200 day moving average of $503.45. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend 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.
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