Invesco QQQ $QQQ Shares Sold by Per Stirling Capital Management LLC.

Per Stirling Capital Management LLC. lowered its position in Invesco QQQ (NASDAQ:QQQ) by 0.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,393 shares of the exchange traded fund’s stock after selling 26 shares during the period. Invesco QQQ comprises approximately 1.0% of Per Stirling Capital Management LLC.’s holdings, making the stock its 27th largest position. Per Stirling Capital Management LLC.’s holdings in Invesco QQQ were worth $7,218,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Eagle Capital Management LLC increased its holdings in shares of Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock worth $31,025,000 after buying an additional 185 shares during the last quarter. Brighton Jones LLC grew its position in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares during the period. Revolve Wealth Partners LLC increased its stake in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares during the last quarter. First Trust Advisors LP acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $610,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $36,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.3%

Shares of Invesco QQQ stock opened at $570.32 on Tuesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.32. The company has a fifty day moving average price of $558.65 and a 200 day moving average price of $515.97.

Invesco QQQ Cuts Dividend

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

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.