Invesco QQQ (NASDAQ:QQQ) Shares Sold by JP Wealth Management Inc.

JP Wealth Management Inc. lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,203 shares of the exchange traded fund’s stock after selling 235 shares during the quarter. Invesco QQQ accounts for 3.2% of JP Wealth Management Inc.’s holdings, making the stock its 7th biggest position. JP Wealth Management Inc.’s holdings in Invesco QQQ were worth $9,943,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ in the fourth quarter valued at $36,000. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the fourth quarter worth about $51,000. Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ during the 4th quarter worth about $57,000. Finally, Perritt Capital Management Inc purchased a new stake in shares of Invesco QQQ during the 4th quarter worth about $61,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $529.08 on Wednesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The business has a 50-day moving average price of $496.20 and a 200 day moving average price of $503.08.

Invesco QQQ Cuts Dividend

The firm also recently disclosed 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 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.