Invesco QQQ $QQQ Shares Sold by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 9.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,924 shares of the exchange traded fund’s stock after selling 506 shares during the quarter. Invesco QQQ comprises approximately 0.9% of Samalin Investment Counsel LLC’s portfolio, making the stock its 20th largest holding. Samalin Investment Counsel LLC’s holdings in Invesco QQQ were worth $2,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ during the 4th quarter worth $36,000. Alpine Bank Wealth Management purchased a new position in Invesco QQQ during the 1st quarter worth $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ during the 1st quarter worth $51,000. Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ in the 4th quarter worth $57,000. Finally, Blume Capital Management Inc. lifted its stake in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ stock opened at $570.32 on Tuesday. Invesco QQQ has a one year low of $402.39 and a one year high of $583.32. The company has a fifty day moving average of $558.65 and a 200-day moving average of $515.97.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.