Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lowered by Private Trust Co. NA

Private Trust Co. NA decreased its position in Invesco QQQ (NASDAQ:QQQ) by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,424 shares of the exchange traded fund’s stock after selling 550 shares during the period. Invesco QQQ makes up approximately 0.9% of Private Trust Co. NA’s holdings, making the stock its 12th biggest position. Private Trust Co. NA’s holdings in Invesco QQQ were worth $8,180,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Elite Wealth Management Inc. grew its holdings in Invesco QQQ by 1.5% during the first quarter. Elite Wealth Management Inc. now owns 15,428 shares of the exchange traded fund’s stock worth $6,850,000 after acquiring an additional 231 shares during the period. Leavell Investment Management Inc. lifted its holdings in shares of Invesco QQQ by 16.0% during the first quarter. Leavell Investment Management Inc. now owns 14,897 shares of the exchange traded fund’s stock valued at $6,623,000 after purchasing an additional 2,050 shares during the last quarter. Zhang Financial LLC boosted its position in shares of Invesco QQQ by 6.0% in the 1st quarter. Zhang Financial LLC now owns 4,635 shares of the exchange traded fund’s stock valued at $2,058,000 after purchasing an additional 263 shares during the period. Activest Wealth Management increased its stake in Invesco QQQ by 6.5% in the 1st quarter. Activest Wealth Management now owns 31,088 shares of the exchange traded fund’s stock worth $13,804,000 after purchasing an additional 1,903 shares in the last quarter. Finally, Oxler Private Wealth LLC raised its holdings in Invesco QQQ by 79.9% during the 1st quarter. Oxler Private Wealth LLC now owns 63,830 shares of the exchange traded fund’s stock worth $28,341,000 after buying an additional 28,355 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.4 %

NASDAQ QQQ traded down $2.05 on Thursday, hitting $453.66. 40,814,168 shares of the stock were exchanged, compared to its average volume of 43,690,797. The company’s 50-day moving average price is $438.77 and its two-hundred day moving average price is $421.07. Invesco QQQ has a 52-week low of $329.56 and a 52-week high of $460.58.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were given a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, March 18th.

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.