Vontobel Holding Ltd. Sells 12,907 Shares of Invesco QQQ (NASDAQ:QQQ)

Vontobel Holding Ltd. lowered its position in Invesco QQQ (NASDAQ:QQQ) by 17.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,030 shares of the exchange traded fund’s stock after selling 12,907 shares during the quarter. Vontobel Holding Ltd.’s holdings in Invesco QQQ were worth $28,811,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Atwater Malick LLC purchased a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $293,000. Westwood Holdings Group Inc. lifted its holdings in Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after buying an additional 1,993 shares during the period. GenWealth Group Inc. boosted its position in Invesco QQQ by 5.8% during the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after acquiring an additional 2,325 shares in the last quarter. Socha Financial Group LLC increased its holdings in shares of Invesco QQQ by 1.3% in the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after acquiring an additional 1,153 shares during the period. Finally, SVB Wealth LLC raised its position in shares of Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after acquiring an additional 2,453 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.0 %

Shares of QQQ stock opened at $490.91 on Thursday. The stock’s 50-day moving average is $475.94 and its 200 day moving average is $464.29. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, September 23rd.

Invesco QQQ 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.