Invesco QQQ (NASDAQ:QQQ) Shares Sold by RMR Wealth Builders

RMR Wealth Builders reduced its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,854 shares of the exchange traded fund's stock after selling 592 shares during the period. Invesco QQQ accounts for about 0.5% of RMR Wealth Builders' investment portfolio, making the stock its 27th largest position. RMR Wealth Builders' holdings in Invesco QQQ were worth $5,089,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC raised its holdings in Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after buying an additional 11,478,188 shares during the period. NWI Management LP raised its stake in shares of Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC grew its position in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after buying an additional 1,868,580 shares in the last quarter. Senator Investment Group LP acquired a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $679,936,000. Finally, Artemis Wealth Advisors LLC boosted its holdings in Invesco QQQ by 1,337.4% in the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after purchasing an additional 895,277 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 1.3%

Invesco QQQ stock traded down $6.70 during mid-day trading 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 firm has a market cap of $330.22 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The business has a 50 day moving average price of $490.36 and a 200-day moving average price of $502.64. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced 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 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.