White Lighthouse Investment Management Inc. Lowers Stock Position in Invesco QQQ (NASDAQ:QQQ)

Key Points

• White Lighthouse Investment Management Inc. reduced its holdings in Invesco QQQ by 4.6%, owning 9,250 shares after selling 442 shares during the first quarter.
• Invesco QQQ accounts for approximately 0.8% of White Lighthouse's portfolio, valued at $4,337,000 as per its latest SEC filing.
• Shares of Invesco QQQ recently opened at $574.55, reflecting a twelve-month high of $574.77 and a low of $402.39.

White Lighthouse Investment Management Inc. reduced its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,250 shares of the exchange traded fund's stock after selling 442 shares during the quarter. Invesco QQQ comprises approximately 0.8% of White Lighthouse Investment Management Inc.'s portfolio, making the stock its 27th biggest holding. White Lighthouse Investment Management Inc.'s holdings in Invesco QQQ were worth $4,337,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ in the fourth quarter worth approximately $36,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ in the first quarter worth approximately $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ in the first quarter worth approximately $51,000. Finally, Banque Transatlantique SA bought a new position in shares of Invesco QQQ in the fourth quarter worth approximately $57,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.3%

Shares of Invesco QQQ stock traded down $1.70 on Monday, hitting $572.85. The stock had a trading volume of 32,997,100 shares, compared to its average volume of 44,844,484. Invesco QQQ has a one year low of $402.39 and a one year high of $576.80. The stock's 50-day simple moving average is $549.00 and its two-hundred day simple moving average is $512.09.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

Invesco QQQ Company 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.