Strategic Advisors LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,301 shares of the exchange traded fund's stock after selling 545 shares during the quarter. Invesco QQQ comprises 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 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in QQQ. Wilkins Miller Wealth Management LLC acquired a new position in Invesco QQQ during the fourth quarter worth approximately $1,018,000. Synergy Investment Management LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $723,000. Grant Private Wealth Management Inc acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $815,000. Tandem Investment Partners LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at $4,623,000. Finally, Gemsstock Ltd. boosted its stake in Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after purchasing an additional 213,400 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock opened at $534.29 on Tuesday. The company has a market capitalization of $334.81 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The company's fifty day moving average is $494.94 and its two-hundred day moving average is $502.90.
Invesco QQQ Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date 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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