Stillwater Wealth Management Group cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,058 shares of the exchange traded fund's stock after selling 684 shares during the quarter. Invesco QQQ comprises approximately 2.5% of Stillwater Wealth Management Group's portfolio, making the stock its 19th biggest holding. Stillwater Wealth Management Group's holdings in Invesco QQQ were worth $2,841,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter worth about $36,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the 1st quarter worth about $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ in the 1st quarter worth about $51,000. Finally, Banque Transatlantique SA purchased a new position in shares of Invesco QQQ in the 4th quarter worth about $57,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock traded down $1.25 during trading hours on Friday, reaching $554.20. The stock had a trading volume of 39,558,757 shares, compared to its average volume of 39,410,561. The firm has a 50 day simple moving average of $527.06 and a two-hundred day simple moving average of $505.91. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.63.
Invesco QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%.
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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