B & T Capital Management DBA Alpha Capital Management Acquires 1,954 Shares of Invesco QQQ (NASDAQ:QQQ)

B & T Capital Management DBA Alpha Capital Management grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,899 shares of the exchange traded fund's stock after buying an additional 1,954 shares during the quarter. Invesco QQQ accounts for 8.3% of B & T Capital Management DBA Alpha Capital Management's investment portfolio, making the stock its largest holding. B & T Capital Management DBA Alpha Capital Management's holdings in Invesco QQQ were worth $43,562,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of QQQ. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter valued at about $36,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ in the 1st quarter valued at about $51,000. Finally, Banque Transatlantique SA purchased a new position in shares of Invesco QQQ in the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ traded down $1.25 during trading hours on Friday, reaching $554.20. The company had a trading volume of 39,558,757 shares, compared to its average volume of 39,410,561. The firm has a 50 day simple moving average of $527.06 and a 200-day simple moving average of $505.91. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $557.63.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%.

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.