Leavell Investment Management Inc. Sells 667 Shares of Invesco QQQ (NASDAQ:QQQ)

Leavell Investment Management Inc. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,087 shares of the exchange traded fund's stock after selling 667 shares during the period. Leavell Investment Management Inc.'s holdings in Invesco QQQ were worth $8,964,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NWI Management LP raised its position in Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after purchasing an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after buying an additional 1,868,580 shares in the last quarter. Senator Investment Group LP bought a new stake in Invesco QQQ in the 4th quarter worth approximately $679,936,000. Spear Holdings RSC Ltd bought a new stake in Invesco QQQ in the 1st quarter worth approximately $474,600,000. Finally, Asset Planning Services Inc. LA ADV boosted its stake in Invesco QQQ by 100,517.9% in the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after buying an additional 931,801 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.2%

Shares of QQQ stock traded down $1.25 during trading hours on Friday, hitting $554.20. 39,558,757 shares of the company's stock were exchanged, compared to its average volume of 39,410,561. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $557.63. The business's 50 day simple moving average is $527.06 and its 200-day simple moving average is $505.91.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date is 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.