Kraematon Investment Advisors Inc. Sells 78 Shares of Invesco QQQ (NASDAQ:QQQ)

Kraematon Investment Advisors Inc. reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 13.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502 shares of the exchange traded fund’s stock after selling 78 shares during the period. Kraematon Investment Advisors Inc.’s holdings in Invesco QQQ were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of QQQ. Wealth Group Ltd. raised its stake in Invesco QQQ by 6.9% in the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund’s stock worth $810,000 after buying an additional 102 shares in the last quarter. Tallon Kerry Patrick bought a new position in Invesco QQQ in the fourth quarter worth about $4,904,000. Capital & Planning LLC increased its stake in shares of Invesco QQQ by 5.0% during the fourth quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund’s stock valued at $2,477,000 after purchasing an additional 229 shares in the last quarter. Naviter Wealth LLC increased its stake in shares of Invesco QQQ by 8.8% during the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund’s stock valued at $675,000 after purchasing an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC increased its stake in shares of Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock valued at $31,025,000 after purchasing an additional 185 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $529.92 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The company has a 50 day simple moving average of $483.20 and a two-hundred day simple moving average of $501.87. The company has a market capitalization of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. 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.