Collaborative Wealth Managment Inc. Sells 609 Shares of Invesco QQQ (NASDAQ:QQQ)

Collaborative Wealth Managment Inc. lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 17.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,814 shares of the exchange traded fund’s stock after selling 609 shares during the period. Collaborative Wealth Managment Inc.’s holdings in Invesco QQQ were worth $1,320,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of QQQ. NWI Management LP boosted its stake in Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock worth $331,277,000 after buying an additional 3,648,000 shares during the period. GAMMA Investing LLC boosted its stake in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Senator Investment Group LP purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $679,936,000. Spear Holdings RSC Ltd purchased a new stake in shares of Invesco QQQ during the first quarter valued at $474,600,000. Finally, Asset Planning Services Inc. LA ADV boosted its stake in shares of Invesco QQQ by 100,517.9% during the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund’s stock valued at $437,375,000 after purchasing an additional 931,801 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $568.02 on Thursday. The business has a 50-day moving average price of $542.10 and a 200 day moving average price of $509.98. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $572.11.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.42%.

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.