Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lessened by Brookstone Capital Management

Brookstone Capital Management trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 341,808 shares of the exchange traded fund's stock after selling 18,702 shares during the period. Invesco QQQ accounts for about 2.3% of Brookstone Capital Management's holdings, making the stock its 2nd largest holding. Brookstone Capital Management owned about 0.05% of Invesco QQQ worth $160,281,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of QQQ. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at about $51,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at about $57,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.9%

NASDAQ:QQQ traded up $5.08 during mid-day trading on Friday, reaching $555.88. 26,443,524 shares of the stock were exchanged, compared to its average volume of 39,231,028. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.20. The company has a 50 day simple moving average of $517.86 and a 200-day simple moving average of $504.61.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis 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.