Invesco QQQ (NASDAQ:QQQ) Stock Position Reduced by Creekmur Asset Management LLC

Creekmur Asset Management LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 29.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,972 shares of the exchange traded fund's stock after selling 12,786 shares during the quarter. Invesco QQQ accounts for about 2.9% of Creekmur Asset Management LLC's holdings, making the stock its 9th largest holding. Creekmur Asset Management LLC's holdings in Invesco QQQ were worth $14,054,000 as of its most recent SEC filing.

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

Invesco QQQ Price Performance

Shares of QQQ stock traded down $0.54 during trading hours on Friday, reaching $561.26. The company had a trading volume of 50,428,921 shares, compared to its average volume of 39,495,266. The stock has a fifty day moving average of $534.38 and a 200-day moving average of $507.15. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $564.73.

Invesco QQQ Cuts Dividend

The company 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 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Monday, June 23rd.

Invesco QQQ Company 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.