Invesco QQQ (NASDAQ:QQQ) Shares Sold by Greenhouse Wealth Management LLC

Greenhouse Wealth Management LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 15.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,341 shares of the exchange traded fund’s stock after selling 1,908 shares during the period. Invesco QQQ makes up 3.6% of Greenhouse Wealth Management LLC’s investment portfolio, making the stock its 8th largest holding. Greenhouse Wealth Management LLC’s holdings in Invesco QQQ were worth $4,849,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. HighMark Wealth Management LLC raised its holdings in Invesco QQQ by 5.2% in the fourth quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund’s stock worth $208,000 after purchasing an additional 20 shares during the period. Providence First Trust Co raised its holdings in Invesco QQQ by 3.0% in the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund’s stock worth $346,000 after purchasing an additional 20 shares during the period. Diversified Enterprises LLC raised its holdings in Invesco QQQ by 0.4% in the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock worth $2,679,000 after purchasing an additional 20 shares during the period. Prevail Innovative Wealth Advisors LLC raised its holdings in Invesco QQQ by 4.3% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund’s stock worth $247,000 after purchasing an additional 20 shares during the period. Finally, Legacy Investment Solutions LLC raised its holdings in Invesco QQQ by 8.2% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund’s stock worth $138,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $526.96 on Friday. The firm’s fifty day moving average is $492.58 and its two-hundred day moving average is $502.76. The firm has a market cap of $330.22 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend 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.