Invesco QQQ (NASDAQ:QQQ) Stake Cut by Bristlecone Advisors LLC

Bristlecone Advisors LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,462 shares of the exchange traded fund's stock after selling 837 shares during the quarter. Bristlecone Advisors LLC's holdings in Invesco QQQ were worth $8,657,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC lifted its stake in Invesco QQQ by 8.2% during 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 during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its stake in 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 valued at $3,080,000 after buying an additional 20 shares during the last quarter. Willis Johnson & Associates Inc. lifted its stake in Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after buying an additional 21 shares during the last quarter. MTM Investment Management LLC lifted its stake in 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 valued at $613,000 after buying an additional 21 shares during the last quarter. Finally, Cutler Investment Counsel LLC lifted its stake in 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 valued at $710,000 after buying an additional 21 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.3%

QQQ stock opened at $569.24 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $574.63. The stock's fifty day moving average is $547.85 and its two-hundred day moving average is $512.02.

Invesco QQQ Cuts Dividend

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

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