Invesco QQQ (NASDAQ:QQQ) Shares Sold by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 6.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 711 shares of the exchange traded fund’s stock after selling 45 shares during the period. Trinity Financial Advisors LLC’s holdings in Invesco QQQ were worth $333,000 as of its most recent SEC filing.

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

Invesco QQQ Price Performance

QQQ opened at $534.21 on Wednesday. The stock has a market capitalization of $334.76 billion, a PE ratio of 32.66 and a beta of 1.11. The firm’s fifty day moving average price is $485.97 and its 200 day moving average price is $502.25. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

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

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.