Welch & Forbes LLC cut its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,791 shares of the exchange traded fund's stock after selling 546 shares during the quarter. Welch & Forbes LLC's holdings in Invesco QQQ were worth $4,122,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the stock. Ameriprise Financial Inc. increased its stake in shares of Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after acquiring an additional 756,990 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Invesco QQQ by 34.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock worth $1,124,614,000 after purchasing an additional 568,120 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Invesco QQQ by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock worth $629,680,000 after purchasing an additional 14,017 shares in the last quarter. Finally, Senator Investment Group LP bought a new stake in Invesco QQQ in the fourth quarter worth $679,936,000. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Trading Down 0.1%
NASDAQ:QQQ traded down $0.54 during trading hours on Friday, reaching $561.26. The company's stock had a trading volume of 50,428,921 shares, compared to its average volume of 39,544,174. Invesco QQQ has a one year low of $402.39 and a one year high of $563.36. The business's 50-day moving average is $532.92 and its 200-day moving average is $506.84.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Monday, June 23rd.
Invesco QQQ Profile
(
Free Report)
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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