Intrua Financial LLC Decreases Holdings in Invesco QQQ $QQQ

Intrua Financial LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,828 shares of the exchange traded fund’s stock after selling 88 shares during the quarter. Intrua Financial LLC’s holdings in Invesco QQQ were worth $857,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of QQQ. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $51,000. Blume Capital Management Inc. lifted its stake in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 2,536 shares in the last quarter. Atlantic Private Wealth LLC lifted its stake in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 120 shares in the last quarter. Finally, Putney Financial Group LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at approximately $67,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.6%

QQQ stock opened at $584.08 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $584.88. The stock’s 50 day moving average price is $567.63 and its 200 day moving average price is $519.99.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were paid a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis 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.