Relyea Zuckerberg Hanson LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,988 shares of the exchange traded fund's stock after selling 869 shares during the period. Invesco QQQ comprises approximately 1.1% of Relyea Zuckerberg Hanson LLC's investment portfolio, making the stock its 18th biggest position. Relyea Zuckerberg Hanson LLC's holdings in Invesco QQQ were worth $7,966,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Wealth Group Ltd. raised its stake in shares of Invesco QQQ by 6.9% during the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after acquiring an additional 102 shares in the last quarter. Tallon Kerry Patrick bought a new position in Invesco QQQ in the fourth quarter worth approximately $4,904,000. Capital & Planning LLC raised its stake in Invesco QQQ by 5.0% in the fourth quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after buying an additional 229 shares in the last quarter. Naviter Wealth LLC raised its stake in Invesco QQQ by 8.8% in the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after buying an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC raised its stake in Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
NASDAQ:QQQ traded down $6.70 during trading hours on Friday, reaching $526.96. The company's stock had a trading volume of 55,743,632 shares, compared to its average volume of 38,369,787. The company has a market capitalization of $330.22 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The stock has a 50 day moving average price of $490.36 and a two-hundred day moving average price of $502.64.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
About Invesco QQQ
(
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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