Silverleafe Capital Partners LLC Cuts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Silverleafe Capital Partners LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,897 shares of the exchange traded fund’s stock after selling 415 shares during the period. Invesco QQQ comprises 7.2% of Silverleafe Capital Partners LLC’s holdings, making the stock its 3rd biggest holding. Silverleafe Capital Partners LLC’s holdings in Invesco QQQ were worth $21,053,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the 4th quarter valued at about $36,000. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at about $51,000. Banque Transatlantique SA purchased a new stake in Invesco QQQ in the 4th quarter valued at about $57,000. Finally, Perritt Capital Management Inc purchased a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $61,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.0%

Shares of QQQ opened at $528.99 on Thursday. The company has a 50 day moving average price of $497.46 and a 200-day moving average price of $503.26. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

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

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.