Northern Trust Corp Sells 5,085 Shares of Invesco QQQ (NASDAQ:QQQ)

Northern Trust Corp reduced its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 267,281 shares of the exchange traded fund's stock after selling 5,085 shares during the quarter. Northern Trust Corp's holdings in Invesco QQQ were worth $136,642,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in QQQ. Stephens Consulting LLC grew its position in Invesco QQQ by 0.4% in the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock worth $2,769,000 after acquiring an additional 19 shares in the last quarter. Cardinal Point Capital Management ULC lifted its stake in shares of Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock valued at $1,995,000 after buying an additional 20 shares during the period. Hoese & Co LLP boosted its stake in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after buying an additional 20 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after purchasing an additional 20 shares in the last quarter. Finally, RAM Investment Partners LLC boosted its stake in Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock valued at $597,000 after buying an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $2.91 during trading on Tuesday, reaching $483.02. The stock had a trading volume of 25,852,092 shares, compared to its average volume of 44,074,930. The business's 50-day moving average price is $468.98 and its 200 day moving average price is $499.58. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The stock has a market capitalization of $302.68 billion, a PE ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.