Strategent Financial LLC Sells 10,446 Shares of Invesco QQQ (NASDAQ:QQQ)

Strategent Financial LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 37.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,244 shares of the exchange traded fund’s stock after selling 10,446 shares during the period. Invesco QQQ comprises about 7.3% of Strategent Financial LLC’s holdings, making the stock its 4th largest holding. Strategent Financial LLC’s holdings in Invesco QQQ were worth $8,086,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Wilkins Miller Wealth Management LLC purchased a new stake in Invesco QQQ during the 4th quarter worth approximately $1,018,000. Synergy Investment Management LLC acquired a new position in shares of Invesco QQQ in the fourth quarter worth $723,000. Grant Private Wealth Management Inc purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $815,000. Tandem Investment Partners LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $4,623,000. Finally, Gemsstock Ltd. raised its stake in shares of Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock valued at $150,046,000 after acquiring an additional 213,400 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ opened at $529.92 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The stock has a market capitalization of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The business has a fifty day moving average price of $483.20 and a 200 day moving average price of $501.88.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. 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.