Invesco QQQ (NASDAQ:QQQ) Shares Sold by Knuff & Co LLC

Key Points

• Knuff & Co LLC reduced its holdings in Invesco QQQ by 72.3% in Q1, dropping from 1,806 shares to 500 shares, now valued at $234,000.
• Goldman Sachs Group significantly increased its stake in Invesco QQQ by 959.6%, acquiring 21,823,765 shares, valued at over $11 billion.
• Invesco QQQ's stock has recently seen a trading price of $577.34, with a 52-week range between $402.39 and $583.32.

Knuff & Co LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 72.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 500 shares of the exchange traded fund's stock after selling 1,306 shares during the quarter. Knuff & Co LLC's holdings in Invesco QQQ were worth $234,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Goldman Sachs Group Inc. boosted its stake in shares of Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock valued at $11,300,023,000 after buying an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. purchased a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $2,775,904,000. Ameriprise Financial Inc. boosted its stake 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 buying an additional 756,990 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock valued at $1,163,036,000 after buying an additional 54,944 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Invesco QQQ by 34.8% during 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 buying an additional 568,120 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.4%

Invesco QQQ stock opened at $577.34 on Friday. The stock has a 50 day moving average of $554.13 and a 200-day moving average of $514.17. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32.

Invesco QQQ Cuts Dividend

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