Strategent Financial LLC Sells 10,446 Shares of Invesco QQQ (NASDAQ:QQQ)

Strategent Financial LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 37.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,244 shares of the exchange traded fund’s stock after selling 10,446 shares during the period. Invesco QQQ accounts for approximately 7.3% of Strategent Financial LLC’s portfolio, making the stock its 4th largest position. Strategent Financial LLC’s holdings in Invesco QQQ were worth $8,086,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. PayPay Securities Corp lifted its position in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the fourth quarter valued at $36,000. Roxbury Financial LLC acquired a new position in Invesco QQQ in the fourth quarter valued at $37,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $529.92 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The stock has a market capitalization of $332.07 billion, a P/E ratio of 32.66 and a beta of 1.11. The business’s 50-day simple moving average is $483.20 and its 200-day simple moving average is $501.88.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

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.