Private Trust Co. NA Trims Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Private Trust Co. NA reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,424 shares of the exchange traded fund’s stock after selling 550 shares during the quarter. Invesco QQQ comprises 0.9% of Private Trust Co. NA’s investment portfolio, making the stock its 12th biggest position. Private Trust Co. NA’s holdings in Invesco QQQ were worth $8,180,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Deane Retirement Strategies Inc. bought a new position in shares of Invesco QQQ in the first quarter worth $29,000. Voisard Asset Management Group Inc. purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at about $35,000. Red Tortoise LLC grew its holdings in shares of Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares in the last quarter. Friedenthal Financial bought a new position in shares of Invesco QQQ in the fourth quarter worth approximately $41,000. Finally, Robinson Capital Management LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $40,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded down $2.05 during mid-day trading on Thursday, reaching $453.66. The stock had a trading volume of 40,814,168 shares, compared to its average volume of 43,690,797. The firm has a 50 day moving average price of $438.77 and a two-hundred day moving average price of $421.07. Invesco QQQ has a one year low of $329.56 and a one year high of $460.58.

Invesco QQQ Announces Dividend

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

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.