Higgins & Schmidt Wealth Strategies LLC Sells 145 Shares of Invesco QQQ (NASDAQ:QQQ)

Higgins & Schmidt Wealth Strategies LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,752 shares of the exchange traded fund’s stock after selling 145 shares during the quarter. Invesco QQQ makes up approximately 1.6% of Higgins & Schmidt Wealth Strategies LLC’s portfolio, making the stock its 13th biggest position. Higgins & Schmidt Wealth Strategies LLC’s holdings in Invesco QQQ were worth $2,697,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in QQQ. Tallon Kerry Patrick purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $4,904,000. Capital & Planning LLC lifted its stake in Invesco QQQ by 5.0% in the fourth quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund’s stock worth $2,477,000 after acquiring an additional 229 shares during the period. Naviter Wealth LLC lifted its stake in Invesco QQQ by 8.8% in the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund’s stock worth $675,000 after acquiring an additional 107 shares during the period. Eagle Capital Management LLC lifted its stake in Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock worth $31,025,000 after acquiring an additional 185 shares during the period. Finally, Brighton Jones LLC lifted its stake in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.0%

Shares of QQQ stock opened at $528.99 on Thursday. The stock has a fifty day moving average of $497.46 and a 200 day moving average of $503.26. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.