Wealth Advisory Solutions LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent 13F 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 quarter. Invesco QQQ comprises approximately 1.5% of Wealth Advisory Solutions LLC's investment portfolio, making the stock its 14th biggest holding. Wealth Advisory Solutions LLC's holdings in Invesco QQQ were worth $5,769,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of QQQ. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $36,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $51,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Down 0.1%
Shares of NASDAQ:QQQ traded down $0.80 during trading on Thursday, hitting $555.45. 34,532,031 shares of the company's stock were exchanged, compared to its average volume of 39,450,524. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.63. The firm has a 50-day moving average price of $525.75 and a two-hundred day moving average price of $505.74.
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, June 23rd.
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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