Invesco QQQ (NASDAQ:QQQ) Shares Sold by Everhart Financial Group Inc.

Everhart Financial Group Inc. lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,437 shares of the exchange traded fund’s stock after selling 56 shares during the period. Everhart Financial Group Inc.’s holdings in Invesco QQQ were worth $674,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Marshall Financial Group LLC lifted its position in shares of Invesco QQQ by 155.0% in the 1st quarter. Marshall Financial Group LLC now owns 28,278 shares of the exchange traded fund’s stock worth $13,260,000 after acquiring an additional 17,190 shares during the period. Jacksonville Wealth Management LLC raised its holdings in shares of Invesco QQQ by 1.4% in the first quarter. Jacksonville Wealth Management LLC now owns 18,086 shares of the exchange traded fund’s stock valued at $8,481,000 after buying an additional 248 shares during the last quarter. Sanchez Wealth Management Group lifted its position in shares of Invesco QQQ by 2.3% during the first quarter. Sanchez Wealth Management Group now owns 42,457 shares of the exchange traded fund’s stock worth $19,909,000 after purchasing an additional 944 shares in the last quarter. Bensler LLC lifted its holdings in Invesco QQQ by 6.6% during the 1st quarter. Bensler LLC now owns 28,799 shares of the exchange traded fund’s stock worth $13,504,000 after buying an additional 1,781 shares in the last quarter. Finally, F&V Capital Management LLC increased its position in Invesco QQQ by 7.5% in the first quarter. F&V Capital Management LLC now owns 3,873 shares of the exchange traded fund’s stock worth $1,816,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $526.96 on Friday. The company’s 50 day simple moving average is $492.58 and its 200 day simple moving average is $502.76. The firm has a market capitalization of $330.22 billion, a P/E 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.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. 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.