Invesco QQQ $QQQ Shares Sold by Monetary Management Group Inc.

Monetary Management Group Inc. lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 2.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,900 shares of the exchange traded fund’s stock after selling 50 shares during the period. Monetary Management Group Inc.’s holdings in Invesco QQQ were worth $891,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in QQQ. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ during the fourth quarter worth about $36,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the first quarter worth about $51,000. Banque Transatlantique SA bought a new position in shares of Invesco QQQ during the fourth quarter worth about $57,000. Finally, Blume Capital Management Inc. lifted its position in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.5%

Shares of QQQ stock opened at $563.28 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $583.32. The company’s 50-day simple moving average is $557.02 and its 200-day simple moving average is $515.49.

Invesco QQQ Cuts Dividend

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

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.