Perissos Private Wealth Management LLC Sells 479 Shares of Invesco QQQ (NASDAQ:QQQ)

Perissos Private Wealth Management LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 47.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 523 shares of the exchange traded fund’s stock after selling 479 shares during the period. Perissos Private Wealth Management LLC’s holdings in Invesco QQQ were worth $245,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QQQ. Tallon Kerry Patrick purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $4,904,000. Naviter Wealth LLC grew its holdings in Invesco QQQ by 8.8% during the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund’s stock valued at $675,000 after buying an additional 107 shares in the last quarter. Eagle Capital Management LLC grew its holdings in 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 valued at $31,025,000 after buying an additional 185 shares in the last quarter. Brighton Jones LLC grew its holdings in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Finally, Revolve Wealth Partners LLC grew its holdings in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after buying an additional 176 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.3%

Shares of QQQ opened at $548.09 on Monday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $552.23. The company has a 50 day simple moving average of $509.76 and a two-hundred day simple moving average of $503.72.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. 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.

Invesco QQQ Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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