Invesco QQQ (NASDAQ:QQQ) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,762 shares of the exchange traded fund's stock after selling 4,591 shares during the period. Invesco QQQ comprises about 1.1% of U.S. Capital Wealth Advisors LLC's holdings, making the stock its 12th largest position. U.S. Capital Wealth Advisors LLC's holdings in Invesco QQQ were worth $34,588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. Naviter Wealth LLC increased its position in Invesco QQQ by 8.8% in the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock valued at $675,000 after acquiring an additional 107 shares during the period. Eagle Capital Management LLC boosted its holdings in Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after purchasing an additional 185 shares in the last quarter. Brighton Jones LLC boosted its holdings in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after acquiring an additional 176 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in shares of Invesco QQQ by 3.1% during the 4th quarter. Proficio Capital Partners LLC now owns 23,065 shares of the exchange traded fund's stock worth $11,791,000 after acquiring an additional 687 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $0.19 during trading on Tuesday, hitting $552.22. 13,715,029 shares of the stock were exchanged, compared to its average volume of 39,201,843. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $557.20. The company has a fifty day moving average price of $521.12 and a two-hundred day moving average price of $504.84.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.

About Invesco QQQ

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.