Invesco QQQ (NASDAQ:QQQ) Shares Sold by Fortis Group Advisors LLC

Fortis Group Advisors LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 99.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79 shares of the exchange traded fund's stock after selling 21,956 shares during the period. Fortis Group Advisors LLC's holdings in Invesco QQQ were worth $37,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Ameriprise Financial Inc. raised its position in Invesco QQQ by 20.2% in 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 in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Invesco QQQ by 34.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after acquiring an additional 568,120 shares during 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 valued at $8,777,850,000 after acquiring an additional 1,868,580 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Invesco QQQ by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock valued at $629,680,000 after acquiring an additional 14,017 shares during the last quarter. Finally, Senator Investment Group LP purchased a new position in shares of Invesco QQQ in the 4th quarter valued at about $679,936,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.1%

QQQ traded down $0.54 during trading on Friday, hitting $561.26. 50,428,921 shares of the stock were exchanged, compared to its average volume of 39,504,546. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $564.73. The stock has a fifty day moving average price of $534.38 and a two-hundred day moving average price of $507.18.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.42%.

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.