Invesco QQQ $QQQ Stock Holdings Lessened by Hancock Whitney Corp

Key Points

• Hancock Whitney Corp reduced its holdings in Invesco QQQ by 12.8% in the first quarter, selling 1,349 shares and maintaining 9,155 shares valued at approximately $4.29 million.
• Several institutional investors, including Blume Capital Management Inc. and Atlantic Private Wealth LLC, significantly increased their positions in Invesco QQQ during the same period.
• The latest trading price for Invesco QQQ was $570.07, with a 52-week range of $402.39 to $583.32.

Hancock Whitney Corp lessened its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,155 shares of the exchange traded fund's stock after selling 1,349 shares during the period. Hancock Whitney Corp's holdings in Invesco QQQ were worth $4,293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilkins Miller Wealth Management LLC bought a new position in Invesco QQQ in the 4th quarter valued at about $1,018,000. Sentinus LLC boosted its stake in Invesco QQQ by 17.6% during the 4th quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund's stock valued at $3,307,000 after purchasing an additional 970 shares in the last quarter. Sendero Wealth Management LLC bought a new position in Invesco QQQ during the 1st quarter valued at $273,000. Griffith & Werner Inc. bought a new position in Invesco QQQ during the 4th quarter valued at $583,000. Finally, GSG Advisors LLC boosted its stake in Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock valued at $3,600,000 after purchasing an additional 585 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ QQQ traded up $0.83 on Friday, reaching $576.06. 68,270,403 shares of the stock traded hands, compared to its average volume of 44,029,224. The firm's fifty day simple moving average is $565.25 and its 200 day simple moving average is $518.46. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently declared 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. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.