Balanced Wealth Group LLC Sells 1,002 Shares of Invesco QQQ (NASDAQ:QQQ)

Balanced Wealth Group LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,775 shares of the exchange traded fund’s stock after selling 1,002 shares during the period. Invesco QQQ makes up approximately 11.1% of Balanced Wealth Group LLC’s investment portfolio, making the stock its 2nd biggest holding. Balanced Wealth Group LLC’s holdings in Invesco QQQ were worth $22,872,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. PayPay Securities Corp grew its stake in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $36,000. Roxbury Financial LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $51,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.3%

Shares of NASDAQ:QQQ opened at $532.41 on Thursday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The company has a market cap of $333.63 billion, a PE ratio of 32.66 and a beta of 1.11. The company’s 50 day moving average is $488.16 and its 200 day moving average is $502.45.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

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.