Invesco QQQ (NASDAQ:QQQ) Shares Sold by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,766 shares of the exchange traded fund’s stock after selling 707 shares during the quarter. Invesco QQQ comprises 2.0% of MFA Wealth Advisors LLC’s portfolio, making the stock its 17th largest position. MFA Wealth Advisors LLC’s holdings in Invesco QQQ were worth $7,444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. IFG Advisors LLC increased its stake in shares of Invesco QQQ by 4.6% in the first quarter. IFG Advisors LLC now owns 103,289 shares of the exchange traded fund’s stock valued at $45,861,000 after purchasing an additional 4,570 shares during the period. Summit Financial LLC grew its holdings in Invesco QQQ by 16.4% in the 1st quarter. Summit Financial LLC now owns 26,804 shares of the exchange traded fund’s stock worth $11,916,000 after buying an additional 3,785 shares in the last quarter. IAG Wealth Partners LLC increased its position in Invesco QQQ by 33.2% in the 1st quarter. IAG Wealth Partners LLC now owns 1,016 shares of the exchange traded fund’s stock valued at $451,000 after acquiring an additional 253 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Invesco QQQ by 2.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,496,636 shares of the exchange traded fund’s stock valued at $664,521,000 after acquiring an additional 38,471 shares in the last quarter. Finally, Gordian Advisors LLC acquired a new position in Invesco QQQ during the 1st quarter worth $229,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.4 %

Shares of NASDAQ:QQQ traded down $2.05 on Thursday, hitting $453.66. The company’s stock had a trading volume of 40,814,168 shares, compared to its average volume of 43,690,797. Invesco QQQ has a 12 month low of $329.56 and a 12 month high of $460.58. The stock’s 50-day moving average is $438.77 and its two-hundred day moving average is $421.07.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.5735 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.51%.

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.