Sage Rhino Capital LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 95.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 612 shares of the exchange traded fund's stock after selling 13,983 shares during the quarter. Sage Rhino Capital LLC's holdings in Invesco QQQ were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the fourth quarter valued at approximately $36,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $51,000. Finally, Banque Transatlantique SA acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Down 0.2%
Shares of Invesco QQQ stock traded down $1.25 on Friday, hitting $554.20. The company had a trading volume of 39,558,757 shares, compared to its average volume of 39,410,558. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $557.63. The stock has a 50-day moving average of $525.75 and a 200-day moving average of $505.74.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.
Invesco QQQ Company 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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