Invesco QQQ (NASDAQ:QQQ) Holdings Cut by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,353 shares of the exchange traded fund’s stock after selling 566 shares during the quarter. Invesco QQQ comprises about 1.2% of Sound View Wealth Advisors Group LLC’s investment portfolio, making the stock its 22nd biggest position. Sound View Wealth Advisors Group LLC’s holdings in Invesco QQQ were worth $14,233,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $36,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the first quarter worth approximately $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter valued at approximately $51,000. Finally, Banque Transatlantique SA acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $57,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1%

Invesco QQQ stock opened at $568.02 on Thursday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $572.11. The company has a 50 day moving average of $542.10 and a 200-day moving average of $509.98.

Invesco QQQ Cuts Dividend

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

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.