Arlington Trust Co LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 84.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 295 shares of the exchange traded fund's stock after selling 1,575 shares during the quarter. Arlington Trust Co LLC's holdings in Invesco QQQ were worth $181,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the business. Well Done LLC boosted its stake in Invesco QQQ by 0.5% during the 4th quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund's stock valued at $2,113,000 after purchasing an additional 16 shares in the last quarter. TCV Trust & Wealth Management Inc. boosted its stake in Invesco QQQ by 1.4% during the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 1,246 shares of the exchange traded fund's stock valued at $748,000 after purchasing an additional 17 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Invesco QQQ by 1.2% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,421 shares of the exchange traded fund's stock valued at $853,000 after purchasing an additional 17 shares in the last quarter. Investment Management Corp VA ADV boosted its stake in Invesco QQQ by 1.6% during the 3rd quarter. Investment Management Corp VA ADV now owns 1,110 shares of the exchange traded fund's stock valued at $667,000 after purchasing an additional 17 shares in the last quarter. Finally, Tenon Financial LLC boosted its stake in Invesco QQQ by 2.2% during the 4th quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund's stock valued at $494,000 after purchasing an additional 17 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
Invesco QQQ Stock Up 0.1%
Shares of NASDAQ QQQ opened at $664.23 on Tuesday. The stock has a fifty day moving average price of $607.34 and a two-hundred day moving average price of $612.79. Invesco QQQ has a 1 year low of $462.43 and a 1 year high of $664.51.
Invesco QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.
Invesco QQQ Company Profile
(
Free Report)
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.
Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.