WealthTrust Asset Management LLC Has $2.73 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

WealthTrust Asset Management LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 62.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,813 shares of the exchange traded fund's stock after selling 9,540 shares during the period. Invesco QQQ makes up approximately 2.0% of WealthTrust Asset Management LLC's investment portfolio, making the stock its 11th largest position. WealthTrust Asset Management LLC's holdings in Invesco QQQ were worth $2,726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Eagle Capital Management LLC raised its holdings in Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after buying an additional 185 shares during the last quarter. Brighton Jones LLC raised its holdings in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after buying an additional 176 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in Invesco QQQ by 3.1% in the 4th quarter. Proficio Capital Partners LLC now owns 23,065 shares of the exchange traded fund's stock valued at $11,791,000 after buying an additional 687 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in Invesco QQQ by 20.0% in the 4th quarter. Great Lakes Advisors LLC now owns 3,028 shares of the exchange traded fund's stock valued at $1,548,000 after buying an additional 504 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.2%

Shares of NASDAQ QQQ opened at $554.20 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.63. The company has a 50 day simple moving average of $527.06 and a 200 day simple moving average of $505.91.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued 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 yield of 0.43%.

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.

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