Invesco QQQ (NASDAQ:QQQ) Stock Holdings Reduced by Tepp RIA LLC

Tepp RIA LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 7.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,312 shares of the exchange traded fund’s stock after selling 1,813 shares during the quarter. Invesco QQQ accounts for approximately 14.2% of Tepp RIA LLC’s portfolio, making the stock its 3rd largest holding. Tepp RIA LLC’s holdings in Invesco QQQ were worth $10,463,000 at the end of the most recent reporting period.

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

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $546.22 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $547.35. The business has a 50 day moving average price of $507.68 and a 200 day moving average price of $503.87.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

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.