Invesco QQQ (NASDAQ:QQQ) Shares Sold by Brookstone Capital Management

Brookstone Capital Management trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 341,808 shares of the exchange traded fund’s stock after selling 18,702 shares during the quarter. Invesco QQQ makes up 2.3% of Brookstone Capital Management’s portfolio, making the stock its 2nd biggest holding. Brookstone Capital Management owned 0.05% of Invesco QQQ worth $160,281,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of QQQ. Naviter Wealth LLC grew its stake in shares of Invesco QQQ by 8.8% during the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund’s stock valued at $675,000 after buying an additional 107 shares during the period. Eagle Capital Management LLC boosted its holdings in Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock valued at $31,025,000 after acquiring an additional 185 shares during the last quarter. Brighton Jones LLC grew its position in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares during the period. Revolve Wealth Partners LLC increased its stake in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Invesco QQQ by 8.5% in the 4th quarter. Bank of New York Mellon Corp now owns 92,759 shares of the exchange traded fund’s stock worth $47,421,000 after purchasing an additional 7,295 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $555.88 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.20. The firm has a 50 day moving average price of $517.86 and a 200 day moving average price of $504.61.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is 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.