1 North Wealth Services LLC Sells 4,463 Shares of Invesco QQQ $QQQ

Key Points

• 1 North Wealth Services LLC reduced its holdings in Invesco QQQ by 29.0%, bringing its stake to approximately $5.13 million after selling 4,463 shares in the first quarter.
• Invesco QQQ currently holds a 52-week low of $402.39 and a 52-week high of $583.32, with shares opening at $565.62 on the latest trading day.
• The quarterly dividend declared by Invesco QQQ was $0.5911, reflecting an annualized dividend yield of 0.4%.

1 North Wealth Services LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 29.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,937 shares of the exchange traded fund's stock after selling 4,463 shares during the period. Invesco QQQ comprises 2.4% of 1 North Wealth Services LLC's investment portfolio, making the stock its 16th largest position. 1 North Wealth Services LLC's holdings in Invesco QQQ were worth $5,128,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of QQQ. Laird Norton Wetherby Wealth Management LLC increased its stake in shares of Invesco QQQ by 0.3% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after acquiring an additional 20 shares during the period. Willis Johnson & Associates Inc. increased its stake in shares of Invesco QQQ by 2.6% during the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after acquiring an additional 21 shares during the period. MTM Investment Management LLC increased its stake in shares of Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after acquiring an additional 21 shares during the period. Cutler Investment Counsel LLC increased its stake in shares of Invesco QQQ by 1.4% during the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after acquiring an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC increased its stake in shares of Invesco QQQ by 1.6% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock valued at $707,000 after acquiring an additional 22 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.9%

Invesco QQQ stock traded up $5.16 during mid-day trading on Thursday, hitting $575.23. The company's stock had a trading volume of 47,304,907 shares, compared to its average volume of 43,876,056. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.32. The stock's fifty day moving average price is $564.69 and its two-hundred day moving average price is $518.35.

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 paid a dividend of $0.5911 per share. 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%.

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.