Invesco QQQ (NASDAQ:QQQ) Shares Sold by Strategic Advisors LLC

Strategic Advisors LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,301 shares of the exchange traded fund's stock after selling 545 shares during the period. Invesco QQQ makes up approximately 1.1% of Strategic Advisors LLC's portfolio, making the stock its 24th biggest position. Strategic Advisors LLC's holdings in Invesco QQQ were worth $5,768,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. HighMark Wealth Management LLC lifted its stake in shares of Invesco QQQ by 5.2% during the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock worth $208,000 after acquiring an additional 20 shares during the last quarter. Providence First Trust Co lifted its stake in Invesco QQQ by 3.0% in the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock worth $346,000 after acquiring an additional 20 shares during the period. Diversified Enterprises LLC boosted its stake in shares of Invesco QQQ by 0.4% during the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock valued at $2,679,000 after purchasing an additional 20 shares in the last quarter. Prevail Innovative Wealth Advisors LLC boosted its position in Invesco QQQ by 4.3% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock valued at $247,000 after acquiring an additional 20 shares in the last quarter. Finally, Legacy Investment Solutions LLC boosted its position in Invesco QQQ by 8.2% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after acquiring an additional 20 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.4%

Shares of QQQ traded down $2.16 during trading hours on Friday, hitting $526.83. The company had a trading volume of 61,472,255 shares, compared to its average volume of 38,619,095. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company's fifty day moving average price is $499.12 and its two-hundred day moving average price is $503.35.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

Invesco QQQ Profile

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.