Invesco QQQ (NASDAQ:QQQ) Shares Sold by D. Scott Neal Inc.

D. Scott Neal Inc. reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,793 shares of the exchange traded fund’s stock after selling 2,599 shares during the period. Invesco QQQ accounts for about 13.5% of D. Scott Neal Inc.’s holdings, making the stock its 2nd biggest holding. D. Scott Neal Inc.’s holdings in Invesco QQQ were worth $24,287,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wealth Group Ltd. raised its stake in shares of Invesco QQQ by 6.9% in the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund’s stock valued at $810,000 after acquiring an additional 102 shares during the period. Tallon Kerry Patrick purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $4,904,000. Capital & Planning LLC raised its stake in shares of Invesco QQQ by 5.0% in the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund’s stock valued at $2,477,000 after acquiring an additional 229 shares during the period. Naviter Wealth LLC raised its stake in shares of Invesco QQQ by 8.8% in the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund’s stock valued at $675,000 after acquiring an additional 107 shares during the period. Finally, Eagle Capital Management LLC raised its stake in shares of Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock valued at $31,025,000 after acquiring an additional 185 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $529.92 on Friday. The company’s 50 day simple moving average is $483.20 and its 200-day simple moving average is $501.88. The company has a market capitalization of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid 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.