Saxony Capital Management LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,337 shares of the exchange traded fund's stock after selling 750 shares during the quarter. Invesco QQQ makes up 2.2% of Saxony Capital Management LLC's investment portfolio, making the stock its 11th largest position. Saxony Capital Management LLC's holdings in Invesco QQQ were worth $2,502,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $36,000. Banque Transatlantique SA acquired a new position in Invesco QQQ in the 4th quarter valued at $57,000. Perritt Capital Management Inc purchased a new position in shares of Invesco QQQ during the 4th quarter worth $61,000. Finally, Frazier Financial Advisors LLC boosted its holdings in shares of Invesco QQQ by 1,288.9% during the fourth quarter. Frazier Financial Advisors LLC now owns 125 shares of the exchange traded fund's stock worth $64,000 after purchasing an additional 116 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of NASDAQ:QQQ traded up $1.87 during midday trading on Friday, reaching $548.09. The company's stock had a trading volume of 57,440,636 shares, compared to its average volume of 38,990,169. The business has a 50 day moving average price of $509.76 and a 200 day moving average price of $504.06. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $549.99.
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date 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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