Strategent Financial LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 37.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,244 shares of the exchange traded fund's stock after selling 10,446 shares during the quarter. Invesco QQQ accounts for 7.3% of Strategent Financial LLC's investment portfolio, making the stock its 4th largest holding. Strategent Financial LLC's holdings in Invesco QQQ were worth $8,086,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC bought a new position in Invesco QQQ during the fourth quarter valued at about $1,018,000. Synergy Investment Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $723,000. Grant Private Wealth Management Inc bought a new position in Invesco QQQ in the 4th quarter worth about $815,000. Tandem Investment Partners LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $4,623,000. Finally, Gemsstock Ltd. boosted its holdings in Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after purchasing an additional 213,400 shares during the period. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Trading Up 0.7%
Shares of NASDAQ QQQ traded up $3.51 during midday trading on Tuesday, hitting $534.21. 40,479,187 shares of the company's stock were exchanged, compared to its average volume of 38,124,038. The business's fifty day moving average price is $485.97 and its two-hundred day moving average price is $502.25. The company has a market cap of $334.76 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.
Invesco QQQ Cuts Dividend
The company also recently disclosed 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.
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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