Invesco QQQ (NASDAQ:QQQ) Stake Trimmed by Schwarz Dygos Wheeler Investment Advisors LLC

Schwarz Dygos Wheeler Investment Advisors LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 15.0% during the first quarter, HoldingsChannel reports. The firm owned 437 shares of the exchange traded fund’s stock after selling 77 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Invesco QQQ were worth $205,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ during the 4th quarter valued at about $36,000. Alpine Bank Wealth Management purchased a new position in Invesco QQQ during the 1st quarter valued at about $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ during the 1st quarter valued at about $51,000. Finally, Banque Transatlantique SA purchased a new position in Invesco QQQ during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4%

NASDAQ:QQQ opened at $556.21 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $559.98. The stock’s 50-day moving average is $528.46 and its two-hundred day moving average is $505.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.

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.