NTV Asset Management LLC Has $38.22 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

NTV Asset Management LLC decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,497 shares of the exchange traded fund's stock after selling 720 shares during the quarter. Invesco QQQ comprises approximately 5.1% of NTV Asset Management LLC's holdings, making the stock its 2nd largest position. NTV Asset Management LLC's holdings in Invesco QQQ were worth $38,215,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Diversified Enterprises LLC grew its stake in shares of Invesco QQQ by 0.4% in the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock worth $2,679,000 after acquiring an additional 20 shares in the last quarter. Prevail Innovative Wealth Advisors LLC grew its stake in shares of Invesco QQQ by 4.3% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock worth $247,000 after acquiring an additional 20 shares in the last quarter. Legacy Investment Solutions LLC grew its stake in shares of Invesco QQQ by 8.2% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock worth $138,000 after acquiring an additional 20 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Invesco QQQ by 0.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after acquiring an additional 20 shares in the last quarter. Finally, Willis Johnson & Associates Inc. grew its stake in shares of Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after acquiring an additional 21 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 traded down $1.13 during trading on Friday, hitting $554.32. The stock had a trading volume of 14,025,327 shares, compared to its average volume of 39,355,010. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $557.63. The firm has a fifty day moving average of $525.75 and a two-hundred day moving average of $505.74.

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.