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Gilbert & Cook Inc. Sells 557 Shares of Invesco QQQ (NASDAQ:QQQ)

Invesco QQQ logo with Finance background

Key Points

  • Gilbert & Cook Inc. has reduced its holdings in Invesco QQQ by 17.1%, owning 2,706 shares valued at $1.27 million after selling 557 shares recently.
  • Invesco QQQ shares experienced a slight increase of 0.2%, trading at $566.37, with a trading volume of about 30.6 million shares.
  • The firm announced a quarterly dividend of $0.5911 per share, representing an annualized amount of $2.36 and a yield of 0.42%, with the payment scheduled for July 31st.
  • Five stocks to consider instead of Invesco QQQ.

Gilbert & Cook Inc. reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,706 shares of the exchange traded fund's stock after selling 557 shares during the quarter. Gilbert & Cook Inc.'s holdings in Invesco QQQ were worth $1,269,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. NWI Management LP lifted its stake in Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Invesco QQQ by 55,795.2% in 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 buying an additional 1,868,580 shares during the last quarter. Senator Investment Group LP bought a new position in shares of Invesco QQQ in the 4th quarter worth $679,936,000. Spear Holdings RSC Ltd bought a new position in shares of Invesco QQQ in the 1st quarter worth $474,600,000. Finally, Asset Planning Services Inc. LA ADV increased its holdings in shares of Invesco QQQ by 100,517.9% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after buying an additional 931,801 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $2.14 during trading on Monday, reaching $568.51. The company had a trading volume of 14,256,341 shares, compared to its average volume of 44,536,801. The company has a fifty day moving average of $539.14 and a two-hundred day moving average of $508.75. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $569.04.

Invesco QQQ Cuts Dividend

The business 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. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Monday, June 23rd.

Invesco QQQ Company 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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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