Invesco QQQ $QQQ Shares Sold by Paradigm Capital Management LLC NV

Paradigm Capital Management LLC NV cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 29.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 907 shares of the exchange traded fund’s stock after selling 370 shares during the period. Paradigm Capital Management LLC NV’s holdings in Invesco QQQ were worth $425,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ during the 4th quarter worth $36,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the 1st quarter worth $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ during the 1st quarter worth $51,000. Banque Transatlantique SA purchased a new stake in Invesco QQQ during the 4th quarter worth $57,000. Finally, Blume Capital Management Inc. boosted its position in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.0%

Shares of Invesco QQQ stock opened at $577.11 on Tuesday. The company has a fifty day moving average price of $555.06 and a 200 day moving average price of $514.44. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.32.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

Invesco QQQ Company 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.