Inman Jager Wealth Management LLC Decreases Position in Invesco QQQ (NASDAQ:QQQ)

Inman Jager Wealth Management LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 4.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,382 shares of the exchange traded fund’s stock after selling 69 shares during the period. Inman Jager Wealth Management LLC’s holdings in Invesco QQQ were worth $648,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of QQQ. White Pine Investment CO boosted its stake in Invesco QQQ by 1.7% during the 1st quarter. White Pine Investment CO now owns 12,243 shares of the exchange traded fund’s stock worth $5,741,000 after purchasing an additional 205 shares during the last quarter. Tyche Wealth Partners LLC lifted its stake in shares of Invesco QQQ by 129.6% in the first quarter. Tyche Wealth Partners LLC now owns 21,453 shares of the exchange traded fund’s stock worth $10,060,000 after buying an additional 12,110 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in Invesco QQQ during the first quarter worth about $50,000. NRI Wealth Management LC grew its stake in Invesco QQQ by 1.3% during the 1st quarter. NRI Wealth Management LC now owns 56,927 shares of the exchange traded fund’s stock valued at $26,694,000 after acquiring an additional 732 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its stake in Invesco QQQ by 3.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 19,333 shares of the exchange traded fund’s stock valued at $9,066,000 after acquiring an additional 558 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ opened at $541.16 on Thursday. The company’s 50 day simple moving average is $505.63 and its two-hundred day simple moving average is $503.71. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $543.31.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.44%.

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.