Haverford Trust Co trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 46.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,031 shares of the exchange traded fund's stock after selling 17,121 shares during the period. Haverford Trust Co's holdings in Invesco QQQ were worth $8,203,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. Red Tortoise LLC grew its position in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund's stock worth $39,000 after buying an additional 74 shares in the last quarter. Friedenthal Financial acquired a new stake in Invesco QQQ during the fourth quarter worth $41,000. Bear Mountain Capital Inc. acquired a new stake in Invesco QQQ during the fourth quarter worth $42,000. Core Wealth Advisors Inc. increased its holdings in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund's stock valued at $43,000 after buying an additional 30 shares during the period. Finally, Blume Capital Management Inc. raised its stake in shares of Invesco QQQ by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund's stock valued at $48,000 after buying an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of Invesco QQQ stock traded down $0.92 during trading on Thursday, hitting $451.98. 34,438,203 shares of the company's stock traded hands, compared to its average volume of 44,417,547. The firm's fifty day moving average price is $437.19 and its 200 day moving average price is $417.47. Invesco QQQ has a twelve month low of $327.04 and a twelve month high of $454.69.
Invesco QQQ Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were given a $0.5735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.51%.
About Invesco QQQ
(
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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