Wealth Advisory Solutions LLC cut its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,302 shares of the exchange traded fund's stock after selling 485 shares during the period. Invesco QQQ makes up approximately 1.5% of Wealth Advisory Solutions LLC's holdings, making the stock its 14th biggest position. Wealth Advisory Solutions LLC's holdings in Invesco QQQ were worth $5,769,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of QQQ. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ in the fourth quarter worth $36,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ during the 1st quarter worth about $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ in the first quarter valued at $51,000. Finally, Banque Transatlantique SA bought a new position in shares of Invesco QQQ in the fourth quarter valued at $57,000. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Price Performance
Shares of NASDAQ:QQQ traded up $3.91 during midday trading on Wednesday, hitting $556.25. The stock had a trading volume of 42,940,948 shares, compared to its average volume of 39,369,663. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $557.57. The business's 50-day simple moving average is $522.66 and its 200-day simple moving average is $505.17.
Invesco QQQ Cuts Dividend
The company also recently declared 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 is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.
About Invesco QQQ
(
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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