International Assets Investment Management LLC Trims Position in Invesco QQQ (NASDAQ:QQQ)

International Assets Investment Management LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,815 shares of the exchange traded fund's stock after selling 4,049 shares during the quarter. Invesco QQQ comprises approximately 0.8% of International Assets Investment Management LLC's portfolio, making the stock its 14th largest holding. International Assets Investment Management LLC's holdings in Invesco QQQ were worth $28,987,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Providence First Trust Co lifted its holdings in shares of Invesco QQQ by 3.0% in the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock valued at $346,000 after purchasing an additional 20 shares in the last quarter. Diversified Enterprises LLC raised its position in shares of Invesco QQQ by 0.4% during the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock worth $2,679,000 after purchasing an additional 20 shares during the last quarter. Prevail Innovative Wealth Advisors LLC raised its position in shares of Invesco QQQ by 4.3% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock worth $247,000 after purchasing an additional 20 shares during the last quarter. Legacy Investment Solutions LLC lifted its stake in Invesco QQQ by 8.2% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after buying an additional 20 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC grew its holdings in Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after buying an additional 20 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Invesco QQQ stock traded up $2.75 during mid-day trading on Thursday, hitting $543.91. 9,435,428 shares of the company were exchanged, compared to its average volume of 38,669,834. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $544.32. The business's 50 day simple moving average is $505.63 and its two-hundred day simple moving average is $503.71.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is 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.