Glenview Trust co Reduces Stock Holdings in Invesco QQQ $QQQ

Glenview Trust co reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,259 shares of the exchange traded fund’s stock after selling 56 shares during the period. Glenview Trust co’s holdings in Invesco QQQ were worth $1,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the first quarter valued at about $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ in the first quarter valued at about $51,000. Blume Capital Management Inc. raised its stake in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 2,536 shares during the last quarter. Atlantic Private Wealth LLC raised its stake in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 120 shares during the last quarter. Finally, Putney Financial Group LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at about $67,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.0%

Invesco QQQ stock opened at $580.70 on Thursday. The stock has a 50-day moving average of $567.06 and a two-hundred day moving average of $519.55. Invesco QQQ has a one year low of $402.39 and a one year high of $583.77.

Invesco QQQ Cuts Dividend

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