Invesco QQQ $QQQ Shares Sold by Pacific Center for Financial Services

Pacific Center for Financial Services decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 97,394 shares of the exchange traded fund's stock after selling 3,050 shares during the period. Invesco QQQ comprises about 12.1% of Pacific Center for Financial Services' investment portfolio, making the stock its 2nd biggest holding. Pacific Center for Financial Services' holdings in Invesco QQQ were worth $45,670,000 at the end of the most recent reporting period.Microsoft’s AI Bet Faces a Major Test This Earnings SeasonSeveral other large investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after buying an additional 176 shares during the last quarter. First Trust Advisors LP bought a new position in Invesco QQQ during the fourth quarter valued at approximately $610,000. Triumph Capital Management lifted its stake in Invesco QQQ by 1.8% in the fourth quarter. Triumph Capital Management now owns 8,753 shares of the exchange traded fund's stock valued at $4,475,000 after acquiring an additional 154 shares during the last quarter. Finally, Clark Capital Management Group Inc. grew its position in Invesco QQQ by 31.2% in the fourth quarter. Clark Capital Management Group Inc. now owns 3,598 shares of the exchange traded fund's stock worth $1,839,000 after acquiring an additional 856 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds. Invesco QQQ Stock PerformanceShares of QQQ opened at $576.06 on Friday. The company's fifty day moving average is $565.25 and its 200-day moving average is $518.60. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32. Invesco QQQ Cuts DividendStrategists Say Hold: Stocks May Beat the 'Sell in May' TrendThe business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. About Invesco QQQ (Free Report)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.Read MoreFive stocks we like better than Invesco QQQHow to Start Investing in Real EstateMarketBeat Week in Review – 09/01 - 09/05Technology Stocks Explained: Here's What to Know About TechWhy DocuSign Could Be a SaaS Value Play After Q2 EarningsWhy Invest in 5G? How to Invest in 5G Stocks Lululemon Share Price Has Plenty of Room Left to FallS&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Invesco QQQ Right Now?Before you consider Invesco QQQ, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here