Mattern Wealth Management LLC Sells 2,070 Shares of Invesco QQQ (NASDAQ:QQQ)

Mattern Wealth Management LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.9% in the first quarter, Holdings Channel.com reports. The fund owned 27,822 shares of the exchange traded fund’s stock after selling 2,070 shares during the quarter. Invesco QQQ comprises 2.9% of Mattern Wealth Management LLC’s holdings, making the stock its 10th largest holding. Mattern Wealth Management LLC’s holdings in Invesco QQQ were worth $13,046,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC raised its position in shares of Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. NWI Management LP increased its stake in Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock valued at $331,277,000 after purchasing an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC raised its holdings in Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Senator Investment Group LP acquired a new stake in Invesco QQQ in the fourth quarter worth $679,936,000. Finally, Asset Planning Services Inc. LA ADV boosted its position in shares of Invesco QQQ by 100,517.9% during the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund’s stock worth $437,375,000 after purchasing an additional 931,801 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $539.78 on Wednesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The firm has a fifty day moving average of $503.69 and a 200-day moving average of $503.45.

Invesco QQQ Cuts Dividend

The firm 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 $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.44%.

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.