Invesco QQQ (NASDAQ:QQQ) Shares Sold by McHugh Group LLC

McHugh Group LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,975 shares of the exchange traded fund’s stock after selling 287 shares during the quarter. Invesco QQQ accounts for about 0.7% of McHugh Group LLC’s portfolio, making the stock its 25th largest position. McHugh Group LLC’s holdings in Invesco QQQ were worth $926,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Tallon Kerry Patrick purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $4,904,000. Capital & Planning LLC lifted its position in Invesco QQQ by 5.0% during the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund’s stock worth $2,477,000 after acquiring an additional 229 shares during the period. Naviter Wealth LLC grew its stake in Invesco QQQ by 8.8% during the 4th 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 during the last quarter. Eagle Capital Management LLC grew its stake in Invesco QQQ by 0.3% during the 4th 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 during the last quarter. Finally, Brighton Jones LLC increased its holdings in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after purchasing an additional 4,989 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.0%

Invesco QQQ stock opened at $528.99 on Thursday. The stock has a 50-day moving average price of $497.46 and a 200 day moving average price of $503.26. 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 disclosed 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 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.