NTV Asset Management LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,497 shares of the exchange traded fund's stock after selling 720 shares during the quarter. Invesco QQQ accounts for about 5.1% of NTV Asset Management LLC's investment portfolio, making the stock its 2nd largest holding. NTV Asset Management LLC's holdings in Invesco QQQ were worth $38,215,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the fourth quarter valued at approximately $36,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the first quarter valued at approximately $51,000. Finally, Banque Transatlantique SA acquired a new stake in Invesco QQQ in the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock traded down $0.78 on Thursday, hitting $555.47. 32,533,954 shares of the company's stock traded hands, compared to its average volume of 39,402,831. The firm's 50-day moving average is $524.27 and its 200 day moving average is $505.52. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $557.63.
Invesco QQQ Cuts Dividend
The firm 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 dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.
About Invesco QQQ
(
Free Report)
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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