Premier Path Wealth Partners LLC Reduces Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Premier Path Wealth Partners LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 1.6% during the 1st quarter, HoldingsChannel reports. The firm owned 3,930 shares of the exchange traded fund’s stock after selling 63 shares during the period. Premier Path Wealth Partners LLC’s holdings in Invesco QQQ were worth $1,843,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter worth $36,000. Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ during the 4th quarter worth $51,000. Banque Transatlantique SA purchased a new position in shares of Invesco QQQ during the 4th quarter worth $57,000. Finally, Perritt Capital Management Inc purchased a new position in shares of Invesco QQQ during the 4th quarter worth $61,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.0%

NASDAQ QQQ opened at $528.99 on Thursday. The business’s fifty day moving average is $497.46 and its 200 day moving average is $503.26. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.