Asset Allocation & Management Company LLC Sells 500 Shares of Invesco QQQ (NASDAQ:QQQ)

Asset Allocation & Management Company LLC decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,484 shares of the exchange traded fund's stock after selling 500 shares during the quarter. Invesco QQQ accounts for 0.6% of Asset Allocation & Management Company LLC's portfolio, making the stock its 26th biggest holding. Asset Allocation & Management Company LLC's holdings in Invesco QQQ were worth $1,165,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in QQQ. Proficio Capital Partners LLC increased its position in shares of Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after purchasing an additional 756,990 shares during the last quarter. Strategic Financial Concepts LLC increased its position in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Invesco QQQ by 0.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after purchasing an additional 27,115 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Invesco QQQ by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after purchasing an additional 52,235 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.6%

Shares of NASDAQ QQQ traded down $3.24 during trading hours on Friday, hitting $516.69. 67,585,697 shares of the company traded hands, compared to its average volume of 37,676,372. The stock has a market capitalization of $323.78 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The company's 50 day moving average price is $478.06 and its 200 day moving average price is $501.02. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco QQQ

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.