Mascoma Wealth Management LLC Sells 269 Shares of Invesco QQQ (NASDAQ:QQQ)

Mascoma Wealth Management LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 9.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,458 shares of the exchange traded fund’s stock after selling 269 shares during the period. Mascoma Wealth Management LLC’s holdings in Invesco QQQ were worth $1,153,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC bought a new position in Invesco QQQ during the fourth quarter worth $1,018,000. Synergy Investment Management LLC bought a new position in Invesco QQQ during the fourth quarter worth $723,000. Grant Private Wealth Management Inc bought a new position in Invesco QQQ during the fourth quarter worth $815,000. Tandem Investment Partners LLC bought a new position in Invesco QQQ during the fourth quarter worth $4,623,000. Finally, Gemsstock Ltd. raised its stake in Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock worth $150,046,000 after buying an additional 213,400 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $548.09 on Friday. The firm has a fifty day simple moving average of $509.76 and a two-hundred day simple moving average of $504.06. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $549.99.

Invesco QQQ Cuts Dividend

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