Pittenger & Anderson Inc. Sells 945 Shares of Invesco QQQ (NASDAQ:QQQ)

Pittenger & Anderson Inc. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,172 shares of the exchange traded fund's stock after selling 945 shares during the period. Invesco QQQ makes up about 2.6% of Pittenger & Anderson Inc.'s holdings, making the stock its 3rd largest holding. Pittenger & Anderson Inc.'s holdings in Invesco QQQ were worth $71,825,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Diversified Enterprises LLC raised its stake in shares of Invesco QQQ by 0.4% in the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock valued at $2,679,000 after acquiring an additional 20 shares during the last quarter. Prevail Innovative Wealth Advisors LLC raised its position in 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 purchasing an additional 20 shares during the last quarter. Legacy Investment Solutions LLC raised its position in 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 purchasing an additional 20 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its position in 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 purchasing an additional 20 shares during the last quarter. Finally, Willis Johnson & Associates Inc. raised its position in 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 purchasing an additional 21 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ stock opened at $554.20 on Friday. The company has a 50 day moving average price of $527.06 and a 200 day moving average price of $505.74. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $557.63.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a $0.5911 dividend. This represents a $2.36 annualized dividend and a 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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