Connecticut Wealth Management LLC Sells 659 Shares of Invesco QQQ (NASDAQ:QQQ)

Connecticut Wealth Management LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,064 shares of the exchange traded fund’s stock after selling 659 shares during the quarter. Invesco QQQ makes up about 1.5% of Connecticut Wealth Management LLC’s investment portfolio, making the stock its 15th largest position. Connecticut Wealth Management LLC’s holdings in Invesco QQQ were worth $26,235,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Red Tortoise LLC increased its position in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 74 shares during the last quarter. Friedenthal Financial bought a new position in Invesco QQQ during the fourth quarter valued at $41,000. Bear Mountain Capital Inc. bought a new position in Invesco QQQ during the fourth quarter valued at $42,000. Core Wealth Advisors Inc. increased its position in Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 30 shares during the last quarter. Finally, Blume Capital Management Inc. increased its position in Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 3,500 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.0 %

Shares of NASDAQ QQQ traded up $8.58 during mid-day trading on Friday, reaching $435.48. The company had a trading volume of 48,515,252 shares, compared to its average volume of 48,759,256. The business’s 50-day moving average is $436.53 and its 200-day moving average is $412.18. Invesco QQQ has a 52 week low of $315.11 and a 52 week high of $449.34.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, March 18th.

Invesco QQQ 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.