Chilton Capital Management LLC Sells 469 Shares of Invesco QQQ (NASDAQ:QQQ)

Chilton Capital Management LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 13.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,988 shares of the exchange traded fund's stock after selling 469 shares during the period. Chilton Capital Management LLC's holdings in Invesco QQQ were worth $1,401,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter worth about $36,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ during the 1st quarter worth about $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ during the 1st quarter worth about $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ during the 4th quarter valued at about $57,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock traded up $0.31 during midday trading on Tuesday, reaching $552.34. The stock had a trading volume of 36,064,065 shares, compared to its average volume of 39,355,129. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $557.20. The company has a fifty day moving average of $522.66 and a 200 day moving average of $505.17.

Invesco QQQ Cuts Dividend

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

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.