Eclectic Associates Inc. ADV Sells 675 Shares of Invesco QQQ (NASDAQ:QQQ)

Eclectic Associates Inc. ADV trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,617 shares of the exchange traded fund’s stock after selling 675 shares during the period. Invesco QQQ makes up 1.1% of Eclectic Associates Inc. ADV’s investment portfolio, making the stock its 25th largest holding. Eclectic Associates Inc. ADV’s holdings in Invesco QQQ were worth $4,040,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KWB Wealth lifted its holdings in shares of Invesco QQQ by 20.2% in the 1st quarter. KWB Wealth now owns 821 shares of the exchange traded fund’s stock worth $420,000 after purchasing an additional 138 shares in the last quarter. Lmcg Investments LLC lifted its holdings in shares of Invesco QQQ by 0.8% in the 1st quarter. Lmcg Investments LLC now owns 10,387 shares of the exchange traded fund’s stock worth $4,871,000 after purchasing an additional 86 shares in the last quarter. Fluent Financial LLC lifted its holdings in shares of Invesco QQQ by 80.9% in the 1st quarter. Fluent Financial LLC now owns 21,998 shares of the exchange traded fund’s stock worth $10,315,000 after purchasing an additional 9,838 shares in the last quarter. Wealth Management Partners LLC lifted its holdings in shares of Invesco QQQ by 0.9% in the 1st quarter. Wealth Management Partners LLC now owns 36,483 shares of the exchange traded fund’s stock worth $17,108,000 after purchasing an additional 342 shares in the last quarter. Finally, Wealth Group Ltd. lifted its holdings in shares of Invesco QQQ by 305.2% in the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after purchasing an additional 4,835 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.3%

NASDAQ QQQ opened at $528.77 on Thursday. The firm has a market capitalization of $339.92 billion, a P/E ratio of 32.66 and a beta of 1.18. The business has a fifty day simple moving average of $480.94 and a 200 day simple moving average of $501.53. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

Invesco QQQ Profile

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.