JT Stratford LLC Sells 1,568 Shares of Invesco QQQ $QQQ

Key Points

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JT Stratford LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,736 shares of the exchange traded fund's stock after selling 1,568 shares during the quarter. Invesco QQQ accounts for about 2.4% of JT Stratford LLC's investment portfolio, making the stock its 7th largest holding. JT Stratford LLC's holdings in Invesco QQQ were worth $13,475,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in QQQ. Laird Norton Wetherby Wealth Management LLC grew its position 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 valued at $3,080,000 after purchasing an additional 20 shares in the last quarter. Willis Johnson & Associates Inc. grew its position in shares of 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 in the last quarter. MTM Investment Management LLC grew its position in shares of Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after purchasing an additional 21 shares in the last quarter. Cutler Investment Counsel LLC grew its position in shares of 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 in the last quarter. Finally, Mosaic Family Wealth Partners LLC grew its position 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 valued at $707,000 after purchasing an additional 22 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock traded down $3.38 during trading hours on Wednesday, reaching $565.90. The company had a trading volume of 76,521,386 shares, compared to its average volume of 44,024,636. The stock has a fifty day moving average of $555.76 and a 200-day moving average of $514.82. 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 declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis 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.