Invesco QQQ $QQQ is Venture Visionary Partners LLC's 9th Largest Position

Key Points

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Venture Visionary Partners LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 49.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,864 shares of the exchange traded fund's stock after selling 93,860 shares during the quarter. Invesco QQQ comprises approximately 1.9% of Venture Visionary Partners LLC's holdings, making the stock its 9th largest holding. Venture Visionary Partners LLC's holdings in Invesco QQQ were worth $45,891,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilkins Miller Wealth Management LLC acquired a new stake in Invesco QQQ in the fourth quarter worth about $1,018,000. Sentinus LLC increased its holdings in shares of Invesco QQQ by 17.6% in the fourth quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund's stock worth $3,307,000 after acquiring an additional 970 shares in the last quarter. Sendero Wealth Management LLC acquired a new stake in Invesco QQQ during the 1st quarter worth approximately $273,000. Cary Street Partners Financial LLC bought a new position in Invesco QQQ during the 4th quarter worth about $10,052,000. Finally, Baird Financial Group Inc. grew its holdings in shares of Invesco QQQ by 4.0% during the fourth quarter. Baird Financial Group Inc. now owns 327,433 shares of the exchange traded fund's stock worth $167,394,000 after buying an additional 12,627 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ traded down $3.38 on Wednesday, hitting $565.90. 76,521,386 shares of the company were exchanged, compared to its average volume of 44,024,636. The stock's fifty day moving average is $556.43 and its 200-day moving average is $515.17. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32.

Invesco QQQ Cuts Dividend

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

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.