Purus Wealth Management LLC Sells 164 Shares of Invesco QQQ $QQQ

Purus Wealth Management LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,284 shares of the exchange traded fund’s stock after selling 164 shares during the quarter. Invesco QQQ makes up about 1.7% of Purus Wealth Management LLC’s holdings, making the stock its 13th largest position. Purus Wealth Management LLC’s holdings in Invesco QQQ were worth $3,884,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in shares of Invesco QQQ by 959.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after buying an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. purchased a new stake in Invesco QQQ during the first quarter worth about $2,775,904,000. Ameriprise Financial Inc. raised 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 acquiring an additional 756,990 shares during the period. Commonwealth Equity Services LLC boosted its stake in Invesco QQQ by 2.3% in the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock valued at $1,163,036,000 after acquiring an additional 54,944 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Invesco QQQ by 34.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund’s stock valued at $1,124,614,000 after acquiring an additional 568,120 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $563.28 on Friday. The company has a 50 day moving average of $557.02 and a 200-day moving average of $515.49. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was 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.