Invesco QQQ $QQQ Shares Sold by Lee Financial Co

Lee Financial Co cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,123 shares of the exchange traded fund’s stock after selling 407 shares during the quarter. Invesco QQQ accounts for 2.2% of Lee Financial Co’s investment portfolio, making the stock its 11th largest position. Lee Financial Co’s holdings in Invesco QQQ were worth $14,610,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in QQQ. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $36,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ during the 1st quarter worth about $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ in the 1st quarter valued at about $51,000. Banque Transatlantique SA acquired a new stake in Invesco QQQ in the 4th quarter worth about $57,000. Finally, Blume Capital Management Inc. boosted its holdings in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 2,536 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $577.34 on Monday. The business has a 50 day simple moving average of $554.13 and a two-hundred day simple moving average of $514.06. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were paid a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.