Allworth Financial LP Has $55.15 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Allworth Financial LP cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,013 shares of the exchange traded fund's stock after selling 6,677 shares during the quarter. Allworth Financial LP's holdings in Invesco QQQ were worth $55,154,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. NWI Management LP grew its stake in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC grew its position in Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after buying an additional 1,868,580 shares in the last quarter. Senator Investment Group LP acquired a new stake in Invesco QQQ during the fourth quarter worth about $679,936,000. Spear Holdings RSC Ltd acquired a new stake in Invesco QQQ during the first quarter worth about $474,600,000. Finally, Asset Planning Services Inc. LA ADV grew its position in Invesco QQQ by 100,517.9% during the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after buying an additional 931,801 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.0%

QQQ stock traded down $0.14 during trading on Friday, reaching $555.31. 26,596,719 shares of the stock were exchanged, compared to its average volume of 39,404,148. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $557.63. The stock has a 50 day simple moving average of $525.75 and a 200-day simple moving average of $505.74.

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 paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is 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.