Invesco QQQ (NASDAQ:QQQ) Shares Sold by RDA Financial Network

RDA Financial Network cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,918 shares of the exchange traded fund’s stock after selling 76 shares during the period. Invesco QQQ comprises about 3.1% of RDA Financial Network’s investment portfolio, making the stock its 3rd biggest holding. RDA Financial Network’s holdings in Invesco QQQ were worth $10,278,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. PayPay Securities Corp lifted its holdings in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the fourth quarter worth $36,000. Roxbury Financial LLC bought a new stake in Invesco QQQ during the fourth quarter valued at $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $51,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.0%

Shares of NASDAQ:QQQ opened at $529.92 on Friday. The company has a market cap of $332.07 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The firm has a 50-day simple moving average of $483.20 and a 200 day simple moving average of $501.87.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.