Invesco QQQ (NASDAQ:QQQ) Shares Sold by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC cut its stake in Invesco QQQ (NASDAQ:QQQ) by 1.5% in the first quarter, Holdings Channel reports. The firm owned 6,455 shares of the exchange traded fund’s stock after selling 100 shares during the period. Baker Ellis Asset Management LLC’s holdings in Invesco QQQ were worth $3,027,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. PayPay Securities Corp lifted 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 acquiring an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the 4th quarter valued at approximately $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at approximately $51,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.3%

Shares of NASDAQ QQQ opened at $532.41 on Thursday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The company has a 50 day simple moving average of $488.16 and a two-hundred day simple moving average of $502.45. The stock has a market cap of $333.63 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11.

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 paid a dividend of $0.7157 per share. 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.