Invesco QQQ Trust (NASDAQ:QQQ) Shares Sold by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC lessened its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 15.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 551 shares of the exchange traded fund’s stock after selling 98 shares during the period. Opal Wealth Advisors LLC’s holdings in Invesco QQQ Trust were worth $200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Peregrine Asset Advisers Inc. grew its holdings in Invesco QQQ Trust by 1.0% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,743 shares of the exchange traded fund’s stock valued at $1,091,000 after purchasing an additional 28 shares during the last quarter. Pacific Sun Financial Corp lifted its position in shares of Invesco QQQ Trust by 0.5% in the fourth quarter. Pacific Sun Financial Corp now owns 5,237 shares of the exchange traded fund’s stock valued at $2,084,000 after acquiring an additional 28 shares in the last quarter. Sandbox Financial Partners LLC lifted its position in shares of Invesco QQQ Trust by 1.6% in the first quarter. Sandbox Financial Partners LLC now owns 1,828 shares of the exchange traded fund’s stock valued at $663,000 after acquiring an additional 29 shares in the last quarter. Towercrest Capital Management lifted its position in shares of Invesco QQQ Trust by 0.5% in the fourth quarter. Towercrest Capital Management now owns 6,035 shares of the exchange traded fund’s stock valued at $2,401,000 after acquiring an additional 30 shares in the last quarter. Finally, Prio Wealth Limited Partnership lifted its position in Invesco QQQ Trust by 2.2% during the fourth quarter. Prio Wealth Limited Partnership now owns 1,419 shares of the exchange traded fund’s stock worth $565,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 42.74% of the company’s stock.

Invesco QQQ Trust Stock Performance

NASDAQ QQQ traded down $4.03 during trading hours on Friday, hitting $320.37. 4,246,566 shares of the company’s stock were exchanged, compared to its average volume of 57,254,888. The business’s 50 day moving average is $295.51 and its 200-day moving average is $322.85. Invesco QQQ Trust has a 12-month low of $269.28 and a 12-month high of $408.71.

Invesco QQQ Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Wednesday, June 22nd were given a dividend of $0.527 per share. The ex-dividend date was Tuesday, June 21st. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.43. This represents a $2.11 annualized dividend and a yield of 0.66%.

Invesco QQQ Trust Profile

(Get Rating)

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.