Invesco QQQ $QQQ Shares Sold by Alaethes Wealth LLC

Alaethes Wealth LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,938 shares of the exchange traded fund’s stock after selling 62 shares during the period. Alaethes Wealth LLC’s holdings in Invesco QQQ were worth $1,378,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of Invesco QQQ by 0.3% in 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 acquiring an additional 20 shares during the period. Willis Johnson & Associates Inc. lifted its stake in shares of Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock worth $416,000 after acquiring an additional 21 shares during the period. MTM Investment Management LLC lifted its stake in shares of Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock worth $613,000 after acquiring an additional 21 shares during the period. Cutler Investment Counsel LLC lifted its stake in shares of Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock worth $710,000 after acquiring an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC lifted its stake in shares of Invesco QQQ by 1.6% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund’s stock worth $707,000 after acquiring an additional 22 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $578.87 on Tuesday. Invesco QQQ has a one year low of $402.39 and a one year high of $583.32. The company has a fifty day moving average of $565.79 and a 200-day moving average of $518.70.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was 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.