ETF Store Inc. Sells 108 Shares of Invesco QQQ (NASDAQ:QQQ)

ETF Store Inc. trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 5.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,072 shares of the exchange traded fund’s stock after selling 108 shares during the period. Invesco QQQ comprises approximately 1.2% of ETF Store Inc.’s holdings, making the stock its 24th largest holding. ETF Store Inc.’s holdings in Invesco QQQ were worth $972,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ during the fourth quarter worth about $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the first quarter worth about $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ during the fourth quarter worth about $57,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $0.54 during midday trading on Friday, reaching $561.26. The company had a trading volume of 50,428,921 shares, compared to its average volume of 39,504,546. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $564.73. The business’s 50 day moving average price is $534.38 and its 200 day moving average price is $507.18.

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 paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Monday, June 23rd.

About Invesco QQQ

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.