Invesco QQQ (NASDAQ:QQQ) Shares Sold by Halter Ferguson Financial Inc.

Key Points

• Halter Ferguson Financial Inc. reduced its stake in Invesco QQQ by 21.7% in the first quarter, selling 16,882 shares to hold 60,793 shares worth approximately $28.5 million.
• Other institutional investors such as Legacy Investment Solutions LLC and Laird Norton Wetherby Wealth Management LLC also increased their positions in Invesco QQQ, contributing to 44.58% of the company's stock ownership by institutional investors and hedge funds.
• Invesco QQQ recently declared a $0.5911 quarterly dividend, resulting in an annualized dividend yield of 0.4%.

Halter Ferguson Financial Inc. lowered its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 21.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,793 shares of the exchange traded fund's stock after selling 16,882 shares during the quarter. Invesco QQQ comprises about 14.4% of Halter Ferguson Financial Inc.'s portfolio, making the stock its 2nd biggest holding. Halter Ferguson Financial Inc.'s holdings in Invesco QQQ were worth $28,507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of QQQ. Legacy Investment Solutions LLC lifted its position in shares of Invesco QQQ by 8.2% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock worth $138,000 after purchasing an additional 20 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Invesco QQQ by 0.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after purchasing an additional 20 shares in the last quarter. Willis Johnson & Associates Inc. lifted its position in shares of Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after purchasing an additional 21 shares in the last quarter. MTM Investment Management LLC lifted its position in shares of Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after purchasing an additional 21 shares in the last quarter. Finally, Cutler Investment Counsel LLC lifted its position in shares of Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock worth $710,000 after purchasing an additional 21 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $553.88 on Monday. The company has a 50 day simple moving average of $544.01 and a 200-day simple moving average of $510.67. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $574.63.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.

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