Invesco QQQ (NASDAQ:QQQ) Holdings Lowered by Schear Investment Advisers LLC

Schear Investment Advisers LLC reduced its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 50.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,471 shares of the exchange traded fund's stock after selling 10,776 shares during the quarter. Invesco QQQ comprises about 2.8% of Schear Investment Advisers LLC's holdings, making the stock its 10th biggest holding. Schear Investment Advisers LLC's holdings in Invesco QQQ were worth $4,910,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its position in Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after purchasing an additional 756,990 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Invesco QQQ by 34.8% during the fourth 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 purchasing an additional 568,120 shares during the last quarter. GAMMA Investing LLC lifted its position in Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Invesco QQQ by 1.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock valued at $629,680,000 after purchasing an additional 14,017 shares during the last quarter. Finally, Senator Investment Group LP bought a new stake in Invesco QQQ during the fourth quarter valued at approximately $679,936,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.2%

Invesco QQQ stock traded down $1.25 during mid-day trading on Friday, hitting $554.20. 39,558,757 shares of the company traded hands, compared to its average volume of 39,419,891. Invesco QQQ has a one year low of $402.39 and a one year high of $557.63. The stock has a fifty day moving average price of $527.06 and a 200-day moving average price of $505.74.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is 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.