American National Bank & Trust decreased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,734 shares of the exchange traded fund's stock after selling 786 shares during the period. American National Bank & Trust's holdings in Invesco QQQ were worth $1,751,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of QQQ. Wealth Group Ltd. increased its holdings in shares of Invesco QQQ by 6.9% in the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after purchasing an additional 102 shares in the last quarter. Tallon Kerry Patrick purchased a new position in shares of Invesco QQQ in the 4th quarter worth $4,904,000. Capital & Planning LLC boosted its stake in shares of Invesco QQQ by 5.0% in the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after buying an additional 229 shares during the last quarter. Naviter Wealth LLC boosted its stake in shares of Invesco QQQ by 8.8% in the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after buying an additional 107 shares during the last quarter. Finally, Eagle Capital Management LLC boosted its stake in shares of Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after buying an additional 185 shares during the last quarter. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of QQQ stock traded up $4.10 on Monday, reaching $523.21. The stock had a trading volume of 44,563,388 shares, compared to its average volume of 37,701,776. The stock has a market cap of $327.87 billion, a P/E ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The company has a 50 day simple moving average of $478.06 and a 200 day simple moving average of $500.97.
Invesco QQQ Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.
Invesco QQQ Profile
(
Free Report)
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.
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