TTP Investments Inc. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,994 shares of the exchange traded fund's stock after selling 11,419 shares during the period. Invesco QQQ makes up about 10.2% of TTP Investments Inc.'s holdings, making the stock its 5th largest holding. TTP Investments Inc.'s holdings in Invesco QQQ were worth $31,326,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. Well Done LLC raised its position in Invesco QQQ by 0.5% during the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund's stock valued at $2,113,000 after purchasing an additional 16 shares in the last quarter. IFS Advisors LLC raised its position in Invesco QQQ by 4.1% during the third quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund's stock valued at $259,000 after purchasing an additional 17 shares in the last quarter. Mezzasalma Advisors LLC raised its position in Invesco QQQ by 0.5% during the third quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund's stock valued at $1,988,000 after purchasing an additional 17 shares in the last quarter. TCV Trust & Wealth Management Inc. raised its position in Invesco QQQ by 1.4% during the third quarter. TCV Trust & Wealth Management Inc. now owns 1,246 shares of the exchange traded fund's stock valued at $748,000 after purchasing an additional 17 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Invesco QQQ by 1.2% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,421 shares of the exchange traded fund's stock valued at $853,000 after purchasing an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
More Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
Invesco QQQ Stock Performance
NASDAQ QQQ opened at $651.42 on Friday. The stock's 50-day simple moving average is $604.85 and its two-hundred day simple moving average is $611.96. Invesco QQQ has a twelve month low of $455.83 and a twelve month high of $656.92.
Invesco QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%.
Invesco QQQ Company Profile
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Free Report)
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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