Invesco QQQ (NASDAQ:QQQ) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 23.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,588 shares of the exchange traded fund's stock after selling 13,172 shares during the period. Vontobel Holding Ltd.'s holdings in Invesco QQQ were worth $19,970,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Astoria Portfolio Advisors LLC. raised its position in shares of Invesco QQQ by 3.7% in the first quarter. Astoria Portfolio Advisors LLC. now owns 5,124 shares of the exchange traded fund's stock valued at $2,329,000 after buying an additional 181 shares during the last quarter. Salomon & Ludwin LLC grew its stake in Invesco QQQ by 1.2% during the 1st quarter. Salomon & Ludwin LLC now owns 2,086 shares of the exchange traded fund's stock valued at $978,000 after acquiring an additional 25 shares in the last quarter. JNBA Financial Advisors grew its stake in Invesco QQQ by 29.2% during the 1st quarter. JNBA Financial Advisors now owns 1,313 shares of the exchange traded fund's stock valued at $616,000 after acquiring an additional 297 shares in the last quarter. Kieckhefer Group LLC raised its holdings in Invesco QQQ by 1.4% in the 1st quarter. Kieckhefer Group LLC now owns 12,295 shares of the exchange traded fund's stock valued at $5,765,000 after acquiring an additional 173 shares during the last quarter. Finally, Heritage Investment Group Inc. lifted its stake in Invesco QQQ by 6.7% in the 1st quarter. Heritage Investment Group Inc. now owns 1,072 shares of the exchange traded fund's stock worth $503,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $5.08 during trading hours on Friday, reaching $555.88. The company had a trading volume of 26,443,524 shares, compared to its average volume of 39,231,028. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $557.20. The stock has a fifty day moving average of $517.86 and a 200-day moving average of $504.61.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.

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.