Bluesphere Advisors LLC Sells 117 Shares of Invesco QQQ (NASDAQ:QQQ)

Bluesphere Advisors LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 10.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 983 shares of the exchange traded fund’s stock after selling 117 shares during the quarter. Bluesphere Advisors LLC’s holdings in Invesco QQQ were worth $461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter worth $36,000. Banque Transatlantique SA bought a new stake in shares of Invesco QQQ in the fourth quarter worth $57,000. Perritt Capital Management Inc purchased a new stake in Invesco QQQ during the fourth quarter valued at $61,000. Finally, Frazier Financial Advisors LLC lifted its holdings in Invesco QQQ by 1,288.9% in the fourth quarter. Frazier Financial Advisors LLC now owns 125 shares of the exchange traded fund’s stock valued at $64,000 after acquiring an additional 116 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $539.78 on Wednesday. The stock’s 50-day simple moving average is $503.69 and its two-hundred day simple moving average is $503.45. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, June 23rd.

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.