Tandem Capital Management Corp ADV Decreases Stake in Invesco QQQ (NASDAQ:QQQ)

Tandem Capital Management Corp ADV lowered its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 47.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 603 shares of the exchange traded fund's stock after selling 554 shares during the period. Tandem Capital Management Corp ADV's holdings in Invesco QQQ were worth $283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its holdings in shares of Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. NWI Management LP raised its holdings in shares of Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares during the period. GAMMA Investing LLC raised its holdings in shares of Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after acquiring an additional 1,868,580 shares during the period. Senator Investment Group LP purchased a new position in shares of Invesco QQQ during the 4th quarter worth $679,936,000. Finally, Artemis Wealth Advisors LLC raised its holdings in shares of Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after acquiring an additional 895,277 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.4%

NASDAQ QQQ opened at $526.83 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The business's fifty day simple moving average is $500.57 and its 200-day simple moving average is $503.28.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued 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.

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