Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. Purchases 1,641 Shares of Invesco QQQ $QQQ

Key Points

• Holt Capital Advisors increased its position in Invesco QQQ by 2.8% in Q1, now holding 60,808 shares, making it the 5th largest position in their portfolio, valued at $28.5 million.
• Invesco QQQ's stock recently decreased by 1.2%, opening at $570.40, with a 52-week range of $402.39 to $583.32.
• The company's dividend was recently cut, with shareholders receiving a $0.5911 dividend, translating to an annualized yield of 0.4%.

Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 60,808 shares of the exchange traded fund's stock after buying an additional 1,641 shares during the period. Invesco QQQ comprises about 4.4% of Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.'s portfolio, making the stock its 5th largest holding. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.'s holdings in Invesco QQQ were worth $28,514,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Laird Norton Wetherby Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 0.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after purchasing an additional 20 shares during the period. Willis Johnson & Associates Inc. grew its holdings 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 purchasing an additional 21 shares during the period. MTM Investment Management LLC lifted its position in Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after buying an additional 21 shares in the last quarter. Cutler Investment Counsel LLC raised its position 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 purchasing an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC raised its position in 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 valued at $707,000 after purchasing an additional 22 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.8%

QQQ traded up $4.45 on Wednesday, hitting $570.07. 54,107,185 shares of the company were exchanged, compared to its average volume of 42,395,224. The firm has a 50-day moving average price of $564.11 and a two-hundred day moving average price of $518.10. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.32.

Invesco QQQ Cuts Dividend

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

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.