Invesco QQQ (NASDAQ:QQQ) Shares Sold by Allworth Financial LP

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

Several other institutional investors have also added to or reduced their stakes in QQQ. Ameriprise Financial Inc. raised its position in Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after buying an additional 52,235 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Invesco QQQ by 34.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock worth $1,124,614,000 after acquiring an additional 568,120 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after acquiring an additional 1,868,580 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Invesco QQQ by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock valued at $629,680,000 after acquiring an additional 14,017 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ stock traded down $0.80 on Thursday, hitting $555.45. The stock had a trading volume of 34,532,031 shares, compared to its average volume of 39,450,524. Invesco QQQ has a one year low of $402.39 and a one year high of $557.63. The business has a 50 day moving average price of $524.27 and a 200 day moving average price of $505.52.

Invesco QQQ Cuts Dividend

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

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.