Darden Wealth Group Inc Sells 119 Shares of Invesco QQQ (NASDAQ:QQQ)

Darden Wealth Group Inc decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,005 shares of the exchange traded fund’s stock after selling 119 shares during the period. Darden Wealth Group Inc’s holdings in Invesco QQQ were worth $940,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Prevail Innovative Wealth Advisors LLC increased its position in shares of Invesco QQQ by 4.3% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund’s stock worth $247,000 after purchasing an additional 20 shares during the last quarter. Legacy Investment Solutions LLC increased its position in shares of Invesco QQQ by 8.2% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund’s stock worth $138,000 after purchasing an additional 20 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its position in shares of Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund’s stock worth $3,080,000 after purchasing an additional 20 shares during the last quarter. Willis Johnson & Associates Inc. increased its position in shares of Invesco QQQ by 2.6% during the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock worth $416,000 after purchasing an additional 21 shares during the last quarter. Finally, MTM Investment Management LLC increased its position in shares of Invesco QQQ by 1.6% during the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock worth $613,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded up $0.02 during midday trading on Friday, reaching $561.82. 4,611,974 shares of the stock traded hands, compared to its average volume of 39,368,336. The company has a 50-day simple moving average of $532.92 and a two-hundred day simple moving average of $506.84. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $563.36.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, June 23rd.

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.