Invesco QQQ $QQQ Holdings Lowered by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC reduced its holdings in Invesco QQQ by 5.0% in Q1, leaving them with approximately 97,955 shares valued at $45.9 million.
• Other institutional investors have varied their stakes, with Laird Norton Wetherby Wealth Management LLC increasing its holdings by 0.3% in the last quarter.
• Invesco QQQ recently declared a quarterly dividend of $0.5911, which represents an annualized yield of 0.4%.

Belpointe Asset Management LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,955 shares of the exchange traded fund's stock after selling 5,169 shares during the period. Invesco QQQ makes up about 2.4% of Belpointe Asset Management LLC's holdings, making the stock its 4th biggest holding. Belpointe Asset Management LLC's holdings in Invesco QQQ were worth $45,934,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of 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 worth $3,080,000 after buying an additional 20 shares during the period. Willis Johnson & Associates Inc. grew its position in Invesco QQQ by 2.6% during the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after acquiring an additional 21 shares during the last quarter. MTM Investment Management LLC increased its stake in Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after purchasing an additional 21 shares during the period. Cutler Investment Counsel LLC boosted its stake in shares of Invesco QQQ by 1.4% during the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after purchasing an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC grew its holdings in shares of Invesco QQQ by 1.6% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock worth $707,000 after purchasing an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.3%

NASDAQ:QQQ opened at $580.51 on Wednesday. The company has a fifty day moving average of $566.46 and a 200 day moving average of $519.13. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32.

Invesco QQQ Cuts Dividend

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

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.

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