Invesco QQQ (NASDAQ:QQQ) Shares Sold by Wealth Advisory Solutions LLC

Wealth Advisory Solutions LLC cut its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,302 shares of the exchange traded fund's stock after selling 485 shares during the period. Invesco QQQ accounts for 1.5% of Wealth Advisory Solutions LLC's holdings, making the stock its 14th largest position. Wealth Advisory Solutions LLC's holdings in Invesco QQQ were worth $5,769,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. NWI Management LP raised its stake in Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC raised its position 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 valued at $8,777,850,000 after buying an additional 1,868,580 shares during the period. Senator Investment Group LP acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $679,936,000. Spear Holdings RSC Ltd acquired a new position in Invesco QQQ in the first quarter valued at approximately $474,600,000. Finally, Asset Planning Services Inc. LA ADV grew its position in Invesco QQQ by 100,517.9% in the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after acquiring an additional 931,801 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.2%

Shares of NASDAQ:QQQ traded down $1.19 during midday trading on Thursday, reaching $555.06. 22,007,057 shares of the company's stock were exchanged, compared to its average volume of 44,912,082. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $557.63. The firm's 50 day simple moving average is $524.27 and its two-hundred day simple moving average is $505.52.

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 is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%.

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.