Silver Oak Securities Incorporated cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,251 shares of the exchange traded fund's stock after selling 575 shares during the period. Invesco QQQ accounts for 1.4% of Silver Oak Securities Incorporated's portfolio, making the stock its 17th biggest position. Silver Oak Securities Incorporated's holdings in Invesco QQQ were worth $15,124,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the fourth quarter worth $51,000. Banque Transatlantique SA bought a new position in Invesco QQQ in the fourth quarter worth $57,000. Finally, Perritt Capital Management Inc purchased a new position in Invesco QQQ during the fourth quarter valued at $61,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of QQQ stock opened at $528.99 on Friday. The company's fifty day moving average price is $499.12 and its 200-day moving average price is $503.35. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.
About Invesco QQQ
(
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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