Monument Capital Management Has $4.85 Million Position in Invesco QQQ (NASDAQ:QQQ)

Monument Capital Management lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 65.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,350 shares of the exchange traded fund's stock after selling 19,297 shares during the period. Invesco QQQ comprises 1.5% of Monument Capital Management's portfolio, making the stock its 16th largest holding. Monument Capital Management's holdings in Invesco QQQ were worth $4,853,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. NWI Management LP boosted its stake in shares of Invesco QQQ by 121.6% in the 4th 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 boosted its stake in shares of Invesco QQQ by 55,795.2% in 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 purchasing an additional 1,868,580 shares in the last quarter. Senator Investment Group LP acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at $679,936,000. Asset Planning Services Inc. LA ADV boosted its stake in shares of Invesco QQQ by 100,517.9% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock valued at $437,375,000 after purchasing an additional 931,801 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after purchasing an additional 756,990 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $548.09 on Monday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $552.23. The company's fifty day moving average is $509.76 and its 200-day moving average is $503.72.

Invesco QQQ Cuts Dividend

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

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.

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