Invesco QQQ (NASDAQ:QQQ) Shares Sold by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,102 shares of the exchange traded fund’s stock after selling 23 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Invesco QQQ were worth $1,455,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. PayPay Securities Corp boosted its stake in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $36,000. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $51,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.0%

Invesco QQQ stock opened at $529.92 on Friday. The stock has a market cap of $332.07 billion, a P/E ratio of 32.66 and a beta of 1.11. The stock has a 50 day moving average of $483.20 and a 200-day moving average of $501.87. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.