Petix & Botte Co Decreases Stake in Invesco QQQ $QQQ

Key Points

• Petix & Botte Co has decreased its stake in Invesco QQQ by 4.3%, now owning 13,936 shares valued at approximately $6.54 million.
• Other institutional investors have also made changes to their positions in Invesco QQQ, with various firms purchasing new stakes or increasing existing ones.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, yielding an annualized rate of 0.4%.

Petix & Botte Co cut its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,936 shares of the exchange traded fund's stock after selling 632 shares during the period. Invesco QQQ makes up 1.7% of Petix & Botte Co's holdings, making the stock its 20th biggest holding. Petix & Botte Co's holdings in Invesco QQQ were worth $6,535,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ during the fourth quarter worth approximately $36,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the first quarter worth approximately $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ during the first quarter worth approximately $51,000. Banque Transatlantique SA acquired a new stake in Invesco QQQ in the 4th quarter worth approximately $57,000. Finally, Blume Capital Management Inc. lifted its stake in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after buying an additional 2,536 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $577.34 on Monday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $583.32. The firm has a fifty day moving average of $554.13 and a 200-day moving average of $514.06.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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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