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

Invesco QQQ logo with Finance background

NTV Asset Management LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.9% in the first quarter, according to the company in its most recent Form 13F 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 comprises 5.1% of NTV Asset Management LLC's holdings, making the stock its 2nd largest holding. NTV Asset Management LLC's holdings in Invesco QQQ were worth $38,215,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Eagle Capital Management LLC grew its stake in Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after acquiring an additional 185 shares during the period. Brighton Jones LLC lifted its holdings in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after purchasing an additional 176 shares during the period. Proficio Capital Partners LLC grew its position in Invesco QQQ by 3.1% in the 4th quarter. Proficio Capital Partners LLC now owns 23,065 shares of the exchange traded fund's stock valued at $11,791,000 after purchasing an additional 687 shares during the period. Finally, Amundi increased its stake in Invesco QQQ by 13.0% during the 4th quarter. Amundi now owns 104,303 shares of the exchange traded fund's stock valued at $53,744,000 after purchasing an additional 12,015 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.2%

Shares of Invesco QQQ stock traded down $1.25 during trading hours on Friday, reaching $554.20. The company's stock had a trading volume of 39,558,757 shares, compared to its average volume of 39,410,558. The stock's fifty day simple moving average is $527.06 and its two-hundred day simple moving average is $505.91. Invesco QQQ has a one year low of $402.39 and a one year high of $557.63.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company Profile

(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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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