Philip James Wealth Mangement LLC Sells 75 Shares of Invesco QQQ (NASDAQ:QQQ)

Philip James Wealth Mangement LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,188 shares of the exchange traded fund’s stock after selling 75 shares during the period. Philip James Wealth Mangement LLC’s holdings in Invesco QQQ were worth $1,026,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Providence First Trust Co boosted its holdings in Invesco QQQ by 3.0% during the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund’s stock valued at $346,000 after acquiring an additional 20 shares during the period. Diversified Enterprises LLC boosted its holdings in Invesco QQQ by 0.4% during the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock valued at $2,679,000 after acquiring an additional 20 shares during the period. Prevail Innovative Wealth Advisors LLC boosted its holdings in Invesco QQQ by 4.3% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund’s stock valued at $247,000 after acquiring an additional 20 shares during the period. Legacy Investment Solutions LLC boosted its holdings in Invesco QQQ by 8.2% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund’s stock valued at $138,000 after acquiring an additional 20 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC boosted its holdings in Invesco QQQ by 0.3% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund’s stock valued at $3,080,000 after acquiring an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $548.09 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $549.99. The company has a 50-day moving average of $509.76 and a two-hundred day moving average of $504.06.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Monday, June 23rd.

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.