Tocqueville Asset Management L.P. Sells 6,036 Shares of Invesco QQQ $QQQ

Key Points

• Tocqueville Asset Management L.P. significantly reduced its stake in Invesco QQQ by 65.7%, holding 3,152 shares after selling 6,036 during the first quarter.
• Goldman Sachs Group Inc. drastically increased its holdings in Invesco QQQ by 959.6%, now owning more than 24 million shares worth approximately $11.3 billion.
• Invesco QQQ's recent quarterly dividend was set at $0.5911, translating to an annual yield of 0.4%, with the dividend paid on July 31st.

Tocqueville Asset Management L.P. decreased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 65.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,152 shares of the exchange traded fund's stock after selling 6,036 shares during the quarter. Tocqueville Asset Management L.P.'s holdings in Invesco QQQ were worth $1,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in QQQ. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the fourth quarter worth approximately $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ in the first quarter worth approximately $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the first quarter worth approximately $51,000. Banque Transatlantique SA bought a new position in Invesco QQQ in the fourth quarter worth approximately $57,000. Finally, Blume Capital Management Inc. raised its position in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after purchasing an additional 2,536 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.5%

Shares of QQQ stock traded down $2.81 on Thursday, hitting $563.09. 25,796,681 shares of the stock traded hands, compared to its average volume of 44,868,547. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32. The firm has a 50 day simple moving average of $556.43 and a two-hundred day simple moving average of $515.17.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid 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.