Invesco QQQ (NASDAQ:QQQ) Shares Sold by Ulland Investment Advisors LLC

Ulland Investment Advisors LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 28.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 13,199 shares of the exchange traded fund's stock after selling 5,337 shares during the quarter. Invesco QQQ comprises about 5.2% of Ulland Investment Advisors LLC's portfolio, making the stock its 5th largest position. Ulland Investment Advisors LLC's holdings in Invesco QQQ were worth $6,189,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. PayPay Securities Corp lifted its holdings in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after buying an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ in the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the 4th quarter worth about $36,000. Roxbury Financial LLC acquired a new position in Invesco QQQ in the 4th quarter worth about $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in Invesco QQQ in the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded down $6.70 during trading hours on Friday, reaching $526.96. The company's stock had a trading volume of 55,743,632 shares, compared to its average volume of 38,429,078. The firm has a market capitalization of $330.22 billion, a price-to-earnings 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 50-day moving average is $492.58 and its two-hundred day moving average is $502.75.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. 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.