Whipplewood Advisors LLC lowered its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 61.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 547 shares of the exchange traded fund's stock after selling 869 shares during the quarter. Whipplewood Advisors LLC's holdings in Invesco QQQ were worth $256,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Group Ltd. grew its position in Invesco QQQ by 6.9% in the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after acquiring an additional 102 shares in the last quarter. Tallon Kerry Patrick bought a new stake in Invesco QQQ during the fourth quarter worth about $4,904,000. Capital & Planning LLC boosted its holdings in shares of Invesco QQQ by 5.0% in the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after purchasing an additional 229 shares in the last quarter. Naviter Wealth LLC boosted its holdings in shares of Invesco QQQ by 8.8% in the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after purchasing an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC increased its position in shares of Invesco QQQ by 0.3% during 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 during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
QQQ traded down $3.98 during midday trading on Thursday, hitting $524.79. The stock had a trading volume of 60,873,940 shares, compared to its average volume of 37,913,819. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The company has a market cap of $337.36 billion, a P/E ratio of 32.66 and a beta of 1.18. The business has a fifty day moving average of $480.94 and a 200 day moving average of $501.53.
Invesco QQQ Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.
Invesco QQQ Company Profile
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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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