USAdvisors Wealth Management LLC trimmed its position in Invesco QQQ Trust (NASDAQ:QQQ) by 5.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 3,454 shares of the exchange traded fund’s stock after selling 181 shares during the quarter. Invesco QQQ Trust accounts for 0.4% of USAdvisors Wealth Management LLC’s holdings, making the stock its 23rd largest position. USAdvisors Wealth Management LLC’s holdings in Invesco QQQ Trust were worth $621,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Sontag Advisory LLC bought a new stake in shares of Invesco QQQ Trust during the 4th quarter worth $46,000. St. Johns Investment Management Company LLC bought a new stake in shares of Invesco QQQ Trust during the 1st quarter worth $61,000. CX Institutional lifted its holdings in shares of Invesco QQQ Trust by 1,811.1% during the 4th quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 326 shares during the last quarter. Capital Financial Planning LLC bought a new stake in shares of Invesco QQQ Trust during the 4th quarter worth $55,000. Finally, LS Investment Advisors LLC lifted its holdings in shares of Invesco QQQ Trust by 25.0% during the 4th quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 75 shares during the last quarter. 44.15% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:QQQ traded up $0.15 during trading hours on Friday, reaching $185.08. The company’s stock had a trading volume of 2,170,837 shares, compared to its average volume of 36,163,020. Invesco QQQ Trust has a 1 year low of $143.46 and a 1 year high of $191.32.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were given a $0.3242 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Monday, March 18th.
About Invesco QQQ Trust
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.
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