Castle Wealth Management LLC Sells 135 Shares of Invesco QQQ (NASDAQ:QQQ)

Castle Wealth Management LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 7,459 shares of the exchange traded fund’s stock after selling 135 shares during the quarter. Invesco QQQ accounts for 1.4% of Castle Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding. Castle Wealth Management LLC’s holdings in Invesco QQQ were worth $3,503,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. NWI Management LP lifted its position in shares of Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock worth $331,277,000 after buying an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after acquiring an additional 1,868,580 shares during the last quarter. Senator Investment Group LP bought a new stake in Invesco QQQ during the fourth quarter worth $679,936,000. Asset Planning Services Inc. LA ADV lifted its holdings in Invesco QQQ by 100,517.9% during the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund’s stock worth $437,375,000 after acquiring an additional 931,801 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $550.80 on Thursday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $553.18. The business has a fifty day moving average price of $516.09 and a two-hundred day moving average price of $504.49.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

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.