Wagner Wealth Management LLC Sells 207 Shares of Invesco QQQ (NASDAQ:QQQ)

Wagner Wealth Management LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 3.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,938 shares of the exchange traded fund’s stock after selling 207 shares during the period. Invesco QQQ makes up 0.7% of Wagner Wealth Management LLC’s holdings, making the stock its 26th biggest holding. Wagner Wealth Management LLC’s holdings in Invesco QQQ were worth $2,784,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of QQQ. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ in the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ in the fourth quarter worth $36,000. Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $51,000. Banque Transatlantique SA bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $57,000. Finally, Perritt Capital Management Inc bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $61,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $534.29 on Tuesday. The firm has a market cap of $334.81 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The stock’s 50-day moving average is $494.94 and its 200 day moving average is $502.90.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.