Triumph Capital Management Sells 983 Shares of Invesco QQQ (NASDAQ:QQQ)

Triumph Capital Management cut its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,770 shares of the exchange traded fund's stock after selling 983 shares during the period. Invesco QQQ accounts for 1.2% of Triumph Capital Management's portfolio, making the stock its 15th largest position. Triumph Capital Management's holdings in Invesco QQQ were worth $3,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in QQQ. Prevail Innovative Wealth Advisors LLC lifted its holdings in shares of 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 in the last quarter. Legacy Investment Solutions LLC lifted its holdings in shares of 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 in 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 valued at $3,080,000 after buying an additional 20 shares during the last quarter. 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 valued at $416,000 after buying an additional 21 shares during the last quarter. Finally, MTM Investment Management LLC raised its position 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 valued at $613,000 after buying an additional 21 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.2%

NASDAQ QQQ traded up $1.36 on Friday, reaching $566.37. The company had a trading volume of 30,579,821 shares, compared to its average volume of 40,473,144. The company's fifty day moving average is $539.14 and its 200 day moving average is $508.84. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $567.70.

Invesco QQQ Cuts Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is 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.