Visionary Horizons LLC Sells 351 Shares of Invesco QQQ (NASDAQ:QQQ)

Visionary Horizons LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,149 shares of the exchange traded fund’s stock after selling 351 shares during the period. Invesco QQQ comprises about 3.4% of Visionary Horizons LLC’s holdings, making the stock its 7th biggest holding. Visionary Horizons LLC’s holdings in Invesco QQQ were worth $4,759,000 as of its most recent filing with the Securities & Exchange Commission.

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

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $534.21 on Wednesday. The company has a market capitalization of $334.76 billion, a P/E ratio of 32.66 and a beta of 1.11. The stock’s 50 day moving average price is $485.97 and its 200 day moving average price is $502.25. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

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