Highline Wealth Partners LLC Sells 5,716 Shares of Invesco QQQ (NASDAQ:QQQ)

Highline Wealth Partners LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 33.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,423 shares of the exchange traded fund’s stock after selling 5,716 shares during the quarter. Invesco QQQ comprises about 1.8% of Highline Wealth Partners LLC’s investment portfolio, making the stock its 17th biggest position. Highline Wealth Partners LLC’s holdings in Invesco QQQ were worth $5,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC grew its stake in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after buying an additional 11,478,188 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock valued at $2,300,993,000 after buying an additional 756,990 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Invesco QQQ by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock valued at $1,593,354,000 after buying an additional 27,115 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock valued at $1,239,886,000 after buying an additional 52,235 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Invesco QQQ by 34.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund’s stock valued at $1,124,614,000 after purchasing an additional 568,120 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $526.96 on Monday. The firm has a market capitalization of $330.22 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The stock has a 50 day moving average price of $492.58 and a 200 day moving average price of $502.73. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81.

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 issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.