Invesco QQQ (NASDAQ:QQQ) Shares Sold by WoodTrust Financial Corp

WoodTrust Financial Corp lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 13.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,464 shares of the exchange traded fund’s stock after selling 675 shares during the quarter. WoodTrust Financial Corp’s holdings in Invesco QQQ were worth $2,093,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of QQQ. Proficio Capital Partners LLC increased its position in shares of Invesco QQQ by 51,292.3% in the fourth 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 buying an additional 11,478,188 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock valued at $2,300,993,000 after buying an additional 756,990 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Invesco QQQ by 0.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock valued at $1,593,354,000 after buying an additional 27,115 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Invesco QQQ by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock valued at $1,239,886,000 after buying an additional 52,235 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Invesco QQQ by 34.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund’s stock valued at $1,124,614,000 after buying an additional 568,120 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $531.65 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The business has a fifty day simple moving average of $502.05 and a 200-day simple moving average of $503.19.

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

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.