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 its most recent filing with the SEC. The firm owned 81,497 shares of the exchange traded fund's stock after selling 720 shares during the period. Invesco QQQ accounts for 5.1% of NTV Asset Management LLC's portfolio, making the stock its 2nd largest position. NTV Asset Management LLC's holdings in Invesco QQQ were worth $38,215,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of QQQ. NWI Management LP lifted its position in 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 acquiring an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC lifted its position in 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 acquiring an additional 1,868,580 shares in the last quarter. Senator Investment Group LP acquired a new stake in Invesco QQQ in the 4th quarter valued at $679,936,000. Spear Holdings RSC Ltd acquired a new stake in Invesco QQQ in the 1st quarter valued at $474,600,000. Finally, Asset Planning Services Inc. LA ADV increased its stake in 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 buying an additional 931,801 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Up 0.7%
QQQ stock traded up $3.91 during midday trading on Wednesday, hitting $556.25. The company's stock had a trading volume of 42,940,948 shares, compared to its average volume of 39,424,508. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $557.57. The company's fifty day moving average price is $522.66 and its 200 day moving average price is $505.17.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%.
Invesco QQQ 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.
Featured Articles
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
