Legacy Capital Wealth Partners LLC Sells 924 Shares of Invesco QQQ (NASDAQ:QQQ)

Legacy Capital Wealth Partners LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 28.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,287 shares of the exchange traded fund’s stock after selling 924 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Invesco QQQ were worth $937,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RiverFront Investment Group LLC lifted its holdings in shares of Invesco QQQ by 9.4% in the 4th quarter. RiverFront Investment Group LLC now owns 103,749 shares of the exchange traded fund’s stock valued at $42,487,000 after acquiring an additional 8,946 shares during the last quarter. First Western Trust Bank bought a new position in shares of Invesco QQQ in the 4th quarter valued at about $201,000. Omnia Family Wealth LLC bought a new position in shares of Invesco QQQ in the 4th quarter valued at about $5,683,000. Transcend Capital Advisors LLC lifted its holdings in shares of Invesco QQQ by 3.5% in the 4th quarter. Transcend Capital Advisors LLC now owns 36,744 shares of the exchange traded fund’s stock valued at $15,048,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Opinicus Capital Inc. bought a new position in shares of Invesco QQQ in the 4th quarter valued at about $3,213,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded up $6.55 during midday trading on Friday, reaching $431.00. The stock had a trading volume of 41,874,907 shares, compared to its average volume of 47,550,872. Invesco QQQ has a 52-week low of $315.05 and a 52-week high of $449.34. The company has a fifty day moving average of $436.88 and a 200 day moving average of $410.40.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is 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.