Saxony Capital Management LLC Sells 750 Shares of Invesco QQQ (NASDAQ:QQQ)

Saxony Capital Management LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,337 shares of the exchange traded fund's stock after selling 750 shares during the quarter. Invesco QQQ makes up approximately 2.2% of Saxony Capital Management LLC's holdings, making the stock its 11th biggest position. Saxony Capital Management LLC's holdings in Invesco QQQ were worth $2,502,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its holdings in shares of 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 purchasing an additional 11,478,188 shares in the last quarter. NWI Management LP lifted its position in 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 last quarter. GAMMA Investing LLC grew its stake in shares of Invesco QQQ by 55,795.2% in the 1st 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 bought a new stake in shares of Invesco QQQ in the 4th quarter worth about $679,936,000. Finally, Asset Planning Services Inc. LA ADV increased its holdings in shares of Invesco QQQ by 100,517.9% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after buying an additional 931,801 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.3%

QQQ traded up $1.38 on Wednesday, hitting $541.16. The company had a trading volume of 44,607,177 shares, compared to its average volume of 38,738,346. The business's fifty day simple moving average is $503.69 and its 200 day simple moving average is $503.45. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $543.27.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, June 23rd.

Invesco QQQ 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.