Invesco QQQ (NASDAQ:QQQ) Shares Sold by Net Worth Advisory Group

Net Worth Advisory Group lowered its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 52.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,868 shares of the exchange traded fund's stock after selling 2,060 shares during the quarter. Net Worth Advisory Group's holdings in Invesco QQQ were worth $876,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Members Wealth LLC lifted its stake in Invesco QQQ by 107.6% in the first quarter. Members Wealth LLC now owns 2,020 shares of the exchange traded fund's stock worth $947,000 after acquiring an additional 1,047 shares during the last quarter. Sapient Capital LLC raised its stake in Invesco QQQ by 10.8% during the 1st quarter. Sapient Capital LLC now owns 7,274 shares of the exchange traded fund's stock worth $3,416,000 after acquiring an additional 709 shares in the last quarter. Braun Bostich & Associates Inc. boosted its stake in Invesco QQQ by 3.3% in the first quarter. Braun Bostich & Associates Inc. now owns 904 shares of the exchange traded fund's stock valued at $424,000 after acquiring an additional 29 shares in the last quarter. Sagace Wealth Management LLC grew its holdings in shares of Invesco QQQ by 3.6% during the first quarter. Sagace Wealth Management LLC now owns 2,844 shares of the exchange traded fund's stock worth $1,334,000 after purchasing an additional 98 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Invesco QQQ by 2.3% during the first quarter. Fifth Third Bancorp now owns 23,196 shares of the exchange traded fund's stock worth $10,877,000 after purchasing an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 1.3%

QQQ traded down $6.70 during trading on Friday, hitting $526.96. 55,743,632 shares of the stock were exchanged, compared to its average volume of 38,429,078. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The stock has a fifty day moving average price of $492.58 and a two-hundred day moving average price of $502.75. The firm has a market capitalization of $330.22 billion, a P/E ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. 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.