Runnymede Capital Advisors Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,996 shares of the exchange traded fund's stock after selling 2,857 shares during the period. Invesco QQQ makes up approximately 5.8% of Runnymede Capital Advisors Inc.'s holdings, making the stock its 4th biggest position. Runnymede Capital Advisors Inc.'s holdings in Invesco QQQ were worth $6,094,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in QQQ. XML Financial LLC lifted its position in Invesco QQQ by 35.5% during the first quarter. XML Financial LLC now owns 9,198 shares of the exchange traded fund's stock valued at $4,313,000 after purchasing an additional 2,411 shares during the period. JFS Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 3.2% in the first quarter. JFS Wealth Advisors LLC now owns 8,893 shares of the exchange traded fund's stock worth $4,170,000 after buying an additional 276 shares during the period. Antonelli Financial Advisors LLC lifted its stake in shares of Invesco QQQ by 38.0% during the 1st quarter. Antonelli Financial Advisors LLC now owns 41,568 shares of the exchange traded fund's stock valued at $19,492,000 after buying an additional 11,454 shares in the last quarter. Palumbo Wealth Management LLC boosted its stake in Invesco QQQ by 0.5% in the 1st quarter. Palumbo Wealth Management LLC now owns 10,869 shares of the exchange traded fund's stock worth $5,097,000 after purchasing an additional 56 shares during the period. Finally, Pursue Wealth Partners LLC boosted its stake in Invesco QQQ by 0.6% during the first quarter. Pursue Wealth Partners LLC now owns 5,361 shares of the exchange traded fund's stock valued at $2,514,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Invesco QQQ stock traded up $5.06 during mid-day trading on Thursday, reaching $546.22. 43,614,634 shares of the company's stock traded hands, compared to its average volume of 38,865,350. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $547.05. The stock has a 50 day moving average of $507.68 and a two-hundred day moving average of $503.87.
Invesco QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.
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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