Invesco QQQ $QQQ Shares Sold by Scientech Research LLC

Key Points

• Scientech Research LLC reduced its holdings in Invesco QQQ by 18.2%, now owning 2,692 shares worth approximately $1.26 million according to their latest SEC filing.
• Other institutional investors have shown varying interest, with Alpine Bank and Westend Capital both purchasing new positions in the first quarter, reflecting a 44.58% institutional ownership of the stock.
• The recent quarterly dividend announced was $0.5911, resulting in an annualized yield of 0.4%, with the ex-dividend date set for June 23rd.

Scientech Research LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,692 shares of the exchange traded fund's stock after selling 597 shares during the period. Scientech Research LLC's holdings in Invesco QQQ were worth $1,262,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Laird Norton Wetherby Wealth Management LLC raised its stake in shares of Invesco QQQ by 0.3% during 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 buying an additional 20 shares during the period. Willis Johnson & Associates Inc. lifted its stake 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 valued at $416,000 after buying an additional 21 shares in the last quarter. MTM Investment Management LLC boosted its holdings in Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after buying an additional 21 shares during the last quarter. Cutler Investment Counsel LLC boosted its holdings in Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock worth $710,000 after buying an additional 21 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC raised its holdings in shares of Invesco QQQ by 1.6% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock valued at $707,000 after acquiring an additional 22 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded up $1.64 during trading on Tuesday, reaching $580.51. The stock had a trading volume of 43,715,098 shares, compared to its average volume of 45,277,742. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $583.32. The business has a fifty day moving average price of $565.79 and a 200-day moving average price of $518.70.

Invesco QQQ Cuts Dividend

The firm also recently announced 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 was Monday, June 23rd.

Invesco QQQ 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.