Onyx Bridge Wealth Group LLC Sells 81 Shares of Invesco QQQ (NASDAQ:QQQ)

Onyx Bridge Wealth Group LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 0.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,678 shares of the exchange traded fund’s stock after selling 81 shares during the period. Invesco QQQ comprises about 3.3% of Onyx Bridge Wealth Group LLC’s portfolio, making the stock its 4th biggest holding. Onyx Bridge Wealth Group LLC’s holdings in Invesco QQQ were worth $23,295,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. NWI Management LP raised its position in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock worth $331,277,000 after acquiring an additional 3,648,000 shares during the period. GAMMA Investing LLC increased its stake in shares of Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. Senator Investment Group LP purchased a new position in shares of Invesco QQQ in the 4th quarter valued at about $679,936,000. Asset Planning Services Inc. LA ADV raised its holdings in Invesco QQQ by 100,517.9% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund’s stock worth $437,375,000 after purchasing an additional 931,801 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock worth $2,300,993,000 after purchasing an additional 756,990 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $555.88 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $557.20. The stock’s 50 day moving average is $517.86 and its two-hundred day moving average is $504.61.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 dividend 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.