Pinkerton Retirement Specialists LLC Sells 3,459 Shares of Invesco QQQ (NASDAQ:QQQ)

Pinkerton Retirement Specialists LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 43.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,432 shares of the exchange traded fund's stock after selling 3,459 shares during the period. Pinkerton Retirement Specialists LLC's holdings in Invesco QQQ were worth $2,078,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Eagle Capital Management LLC grew its holdings in shares of Invesco QQQ by 0.3% during 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 buying an additional 185 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after buying an additional 176 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Invesco QQQ by 8.6% during the fourth quarter. Natixis Advisors LLC now owns 29,939 shares of the exchange traded fund's stock valued at $15,306,000 after buying an additional 2,368 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Invesco QQQ by 6.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 18,514 shares of the exchange traded fund's stock valued at $9,465,000 after buying an additional 1,106 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ opened at $556.21 on Tuesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $559.98. The company's fifty day moving average price is $528.46 and its 200-day moving average price is $505.81.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company Profile

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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