Invesco QQQ (NASDAQ:QQQ) Shares Sold by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 3.9% in the first quarter, Holdings Channel reports. The fund owned 5,054 shares of the exchange traded fund’s stock after selling 203 shares during the period. Revolve Wealth Partners LLC’s holdings in Invesco QQQ were worth $2,370,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Wilkins Miller Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $1,018,000. Synergy Investment Management LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $723,000. Grant Private Wealth Management Inc acquired a new position in Invesco QQQ in the 4th quarter valued at $815,000. Tandem Investment Partners LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth $4,623,000. Finally, Gemsstock Ltd. grew its stake in shares of Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock worth $150,046,000 after purchasing an additional 213,400 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.0%

Invesco QQQ stock opened at $529.92 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The firm’s 50-day simple moving average is $483.20 and its 200 day simple moving average is $501.87. The firm has a market capitalization of $332.07 billion, a PE ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.