SMART Wealth LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 51.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,378 shares of the exchange traded fund's stock after selling 7,839 shares during the quarter. Invesco QQQ comprises 1.2% of SMART Wealth LLC's holdings, making the stock its 25th largest holding. SMART Wealth LLC's holdings in Invesco QQQ were worth $3,460,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at 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. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the first quarter valued at approximately $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ during the first quarter valued at approximately $51,000. Finally, Banque Transatlantique SA bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $57,000. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Performance
NASDAQ QQQ opened at $555.88 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $557.20. The business has a 50 day moving average price of $517.86 and a 200-day moving average price of $504.61.
Invesco QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.
Invesco QQQ Company Profile
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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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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