Invesco QQQ (NASDAQ:QQQ) Shares Sold by AGP Franklin LLC

AGP Franklin LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,366 shares of the exchange traded fund’s stock after selling 35 shares during the period. AGP Franklin LLC’s holdings in Invesco QQQ were worth $1,541,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Oxler Private Wealth LLC grew its holdings in shares of Invesco QQQ by 1.1% in the first quarter. Oxler Private Wealth LLC now owns 67,281 shares of the exchange traded fund’s stock valued at $31,550,000 after purchasing an additional 709 shares during the period. AWM Capital LLC purchased a new stake in shares of Invesco QQQ in the first quarter valued at about $1,970,000. Purkiss Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 78.0% in the first quarter. Purkiss Capital Advisors LLC now owns 2,206 shares of the exchange traded fund’s stock valued at $1,034,000 after purchasing an additional 967 shares during the period. Norden Group LLC grew its holdings in shares of Invesco QQQ by 19.3% in the first quarter. Norden Group LLC now owns 2,667 shares of the exchange traded fund’s stock valued at $1,251,000 after purchasing an additional 431 shares during the period. Finally, Abbot Financial Management Inc. grew its holdings in shares of Invesco QQQ by 23.3% in the first quarter. Abbot Financial Management Inc. now owns 1,321 shares of the exchange traded fund’s stock valued at $619,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $566.37 on Monday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $567.70. The firm has a 50-day moving average price of $539.14 and a 200 day moving average price of $508.75.

Invesco QQQ Cuts Dividend

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

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.