Cypress Capital Group Sells 260 Shares of Invesco QQQ (NASDAQ:QQQ)

Cypress Capital Group trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.2% during the first quarter, Holdings Channel reports. The institutional investor owned 21,440 shares of the exchange traded fund’s stock after selling 260 shares during the quarter. Invesco QQQ makes up about 1.3% of Cypress Capital Group’s holdings, making the stock its 18th largest position. Cypress Capital Group’s holdings in Invesco QQQ were worth $10,054,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Laird Norton Wetherby Wealth Management LLC grew its position 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 buying an additional 20 shares during the period. Willis Johnson & Associates Inc. grew its position in Invesco QQQ by 2.6% during the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 21 shares during the last quarter. MTM Investment Management LLC grew its position in Invesco QQQ by 1.6% during the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after purchasing an additional 21 shares during the last quarter. Cutler Investment Counsel LLC grew its position in Invesco QQQ by 1.4% during the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after purchasing an additional 21 shares during the last quarter. Finally, Tobias Financial Advisors Inc. grew its position in Invesco QQQ by 2.8% during the 4th quarter. Tobias Financial Advisors Inc. now owns 812 shares of the exchange traded fund’s stock valued at $415,000 after purchasing an additional 22 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.9%

Invesco QQQ stock opened at $574.55 on Monday. Invesco QQQ has a one year low of $402.39 and a one year high of $574.77. The business’s fifty day moving average is $549.00 and its 200 day moving average is $512.09.

Invesco QQQ Cuts Dividend

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

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.