Atlas Legacy Advisors LLC Cuts Position in Invesco QQQ (NASDAQ:QQQ)

Atlas Legacy Advisors LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 31.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,221 shares of the exchange traded fund’s stock after selling 552 shares during the period. Atlas Legacy Advisors LLC’s holdings in Invesco QQQ were worth $573,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Prevail Innovative Wealth Advisors LLC increased its holdings in shares of Invesco QQQ by 4.3% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund’s stock valued at $247,000 after acquiring an additional 20 shares in the last quarter. Legacy Investment Solutions LLC grew its position in Invesco QQQ by 8.2% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund’s stock valued at $138,000 after purchasing an additional 20 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its stake in Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund’s stock valued at $3,080,000 after purchasing an additional 20 shares in the last quarter. Willis Johnson & Associates Inc. raised its holdings in Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock worth $416,000 after buying an additional 21 shares during the last quarter. Finally, MTM Investment Management LLC raised its holdings in Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock worth $613,000 after buying an additional 21 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.2%

NASDAQ:QQQ opened at $566.37 on Monday. The company’s 50 day moving average price is $539.14 and its 200-day moving average price is $508.75. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $567.70.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.42%.

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.