Sterling Investment Counsel LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,828 shares of the exchange traded fund's stock, valued at approximately $857,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $51,000. Banque Transatlantique SA bought a new stake in Invesco QQQ during the fourth quarter worth $57,000. Finally, Perritt Capital Management Inc bought a new stake in Invesco QQQ during the fourth quarter worth $61,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Invesco QQQ stock traded down $2.16 during mid-day trading on Friday, reaching $526.83. 61,548,834 shares of the company's stock were exchanged, compared to its average volume of 38,639,190. The business's fifty day simple moving average is $500.57 and its 200 day simple moving average is $503.42. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.
Invesco QQQ Cuts Dividend
The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued 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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