Vident Advisory LLC Lowers Holdings in Invesco QQQ $QQQ

Key Points

• Vident Advisory LLC significantly cut its stake in Invesco QQQ by 81.3%, holding 3,367 shares valued at approximately $1.58 million.
• Invesco QQQ's stock recently traded at $570.07, with a trading volume surpassing its average, and the stock has seen a 1-year price range between $402.39 and $583.32.
• The company paid a quarterly dividend of $0.5911, representing an annualized yield of 0.4%, with the most recent ex-dividend date being June 23.

Vident Advisory LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 81.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,367 shares of the exchange traded fund's stock after selling 14,666 shares during the period. Vident Advisory LLC's holdings in Invesco QQQ were worth $1,579,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $1,018,000. Sentinus LLC grew its position in shares of Invesco QQQ by 17.6% during the 4th quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund's stock valued at $3,307,000 after acquiring an additional 970 shares during the period. Sendero Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at approximately $273,000. Griffith & Werner Inc. purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $583,000. Finally, GSG Advisors LLC lifted its stake in shares of Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock valued at $3,600,000 after buying an additional 585 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock traded up $5.16 during trading on Thursday, reaching $575.23. 47,304,907 shares of the company's stock traded hands, compared to its average volume of 45,141,664. The firm's 50-day moving average is $564.11 and its 200 day moving average is $518.10. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $583.32.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were paid a dividend of $0.5911 per share. 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 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.