Aurora Private Wealth Inc. Sells 461 Shares of Invesco QQQ (NASDAQ:QQQ)

Aurora Private Wealth Inc. reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 4.0% during the first quarter, HoldingsChannel.com reports. The fund owned 11,030 shares of the exchange traded fund’s stock after selling 461 shares during the quarter. Invesco QQQ comprises approximately 1.3% of Aurora Private Wealth Inc.’s holdings, making the stock its 16th biggest position. Aurora Private Wealth Inc.’s holdings in Invesco QQQ were worth $5,172,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the fourth quarter valued at $36,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter worth $51,000. Finally, Banque Transatlantique SA purchased a new stake in Invesco QQQ during the fourth quarter valued at $57,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.9%

QQQ stock opened at $555.88 on Friday. The company has a fifty day simple moving average of $517.86 and a two-hundred day simple moving average of $504.61. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $557.20.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Monday, June 23rd.

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.