Abacus Planning Group Inc. Sells 66 Shares of Invesco QQQ (NASDAQ:QQQ)

Abacus Planning Group Inc. lowered its position in Invesco QQQ (NASDAQ:QQQ) by 5.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,087 shares of the exchange traded fund’s stock after selling 66 shares during the period. Abacus Planning Group Inc.’s holdings in Invesco QQQ were worth $510,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. PayPay Securities Corp increased its position in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $36,000. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC bought a new position in Invesco QQQ in the 4th quarter valued at $51,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.0%

Invesco QQQ stock opened at $529.92 on Monday. The business’s 50-day simple moving average is $483.20 and its 200 day simple moving average is $501.85. The stock has a market cap of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.