Invesco QQQ (NASDAQ:QQQ) Shares Sold by Wealthquest Corp

Wealthquest Corp decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,397 shares of the exchange traded fund’s stock after selling 35 shares during the quarter. Wealthquest Corp’s holdings in Invesco QQQ were worth $1,124,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in Invesco QQQ by 20.2% in 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 acquiring an additional 756,990 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in 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 acquiring an additional 568,120 shares during the last quarter. GAMMA Investing LLC raised its position in Invesco QQQ by 55,795.2% in 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. TD Asset Management Inc raised its position in Invesco QQQ by 18.1% in the first quarter. TD Asset Management Inc now owns 1,378,074 shares of the exchange traded fund’s stock valued at $646,206,000 after purchasing an additional 210,894 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in Invesco QQQ by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund’s stock valued at $629,680,000 after purchasing an additional 14,017 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $568.02 on Thursday. The business’s 50-day moving average is $542.10 and its two-hundred day moving average is $509.98. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $572.11.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.42%. 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.