Invesco QQQ (NASDAQ:QQQ) Shares Sold by 1900 Wealth Management LLC

1900 Wealth Management LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 18.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 534 shares of the exchange traded fund’s stock after selling 120 shares during the quarter. 1900 Wealth Management LLC’s holdings in Invesco QQQ were worth $219,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Red Tortoise LLC grew its holdings in shares of Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $41,000. Bear Mountain Capital Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $42,000. Core Wealth Advisors Inc. grew its holdings in shares of Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. grew its holdings in shares of Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $425.07 on Wednesday. Invesco QQQ has a 12-month low of $309.89 and a 12-month high of $449.34. The firm has a 50-day moving average price of $437.20 and a 200 day moving average price of $409.44.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%.

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.