Invesco QQQ (NASDAQ:QQQ) Shares Sold by Moment Partners LLC

Key Points

• Moment Partners LLC reduced its holdings in Invesco QQQ by 3.2% in Q1, retaining 90,957 shares worth approximately $42.65 million.
• Other investors, including Somerset Group LLC and Menora Mivtachim Holdings LTD., increased their stakes in Invesco QQQ during the same quarter.
• The most recent quarterly dividend declared was $0.5911, yielding 0.4%, with an annualized dividend of $2.36.

Moment Partners LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,957 shares of the exchange traded fund's stock after selling 3,036 shares during the quarter. Invesco QQQ accounts for 8.5% of Moment Partners LLC's holdings, making the stock its 3rd biggest position. Moment Partners LLC's holdings in Invesco QQQ were worth $42,651,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of QQQ. Somerset Group LLC boosted its holdings in shares of Invesco QQQ by 8.2% in the 1st quarter. Somerset Group LLC now owns 15,148 shares of the exchange traded fund's stock valued at $7,103,000 after buying an additional 1,152 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its stake in Invesco QQQ by 42.6% in the 1st quarter. Menora Mivtachim Holdings LTD. now owns 12,493 shares of the exchange traded fund's stock valued at $5,858,000 after acquiring an additional 3,735 shares during the period. Pinnacle Holdings LLC bought a new stake in Invesco QQQ in the 1st quarter valued at $115,000. Schneider Downs Wealth Management Advisors LP raised its stake in Invesco QQQ by 18.2% in the 1st quarter. Schneider Downs Wealth Management Advisors LP now owns 1,412 shares of the exchange traded fund's stock valued at $662,000 after acquiring an additional 217 shares during the period. Finally, Twin Focus Capital Partners LLC bought a new stake in Invesco QQQ in the 1st quarter valued at $5,558,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.4%

QQQ stock opened at $577.34 on Friday. The business's fifty day moving average price is $554.13 and its two-hundred day moving average price is $514.12. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors 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 of this dividend was Monday, June 23rd.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.