JTC Employer Solutions Trustee Ltd Has $7.23 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

JTC Employer Solutions Trustee Ltd cut its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,409 shares of the exchange traded fund's stock after selling 2,190 shares during the quarter. Invesco QQQ accounts for about 0.6% of JTC Employer Solutions Trustee Ltd's investment portfolio, making the stock its 21st largest holding. JTC Employer Solutions Trustee Ltd's holdings in Invesco QQQ were worth $7,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of QQQ. Stephens Consulting LLC lifted its holdings in Invesco QQQ by 0.4% in the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock worth $2,769,000 after acquiring an additional 19 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock valued at $559,000 after acquiring an additional 20 shares in the last quarter. RAM Investment Partners LLC increased its position in shares of Invesco QQQ by 1.7% during the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock valued at $597,000 after purchasing an additional 20 shares during the period. HighMark Wealth Management LLC increased its position in shares of Invesco QQQ by 5.2% during the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock valued at $208,000 after purchasing an additional 20 shares during the period. Finally, Providence First Trust Co grew its holdings in shares of Invesco QQQ by 3.0% in the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock worth $346,000 after acquiring an additional 20 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.8%

Shares of NASDAQ QQQ traded up $4.10 during mid-day trading on Monday, reaching $523.21. The company had a trading volume of 44,563,388 shares, compared to its average volume of 37,701,776. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The stock has a market cap of $327.87 billion, a PE ratio of 30.62 and a beta of 1.11. The company has a 50-day moving average price of $478.06 and a two-hundred day moving average price of $500.97.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.