Calton & Associates Inc. Sells 1,939 Shares of Invesco QQQ (NASDAQ:QQQ)

Calton & Associates Inc. lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,783 shares of the exchange traded fund’s stock after selling 1,939 shares during the quarter. Invesco QQQ makes up about 5.6% of Calton & Associates Inc.’s portfolio, making the stock its 2nd biggest holding. Calton & Associates Inc.’s holdings in Invesco QQQ were worth $11,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank Hapoalim BM raised its holdings in shares of Invesco QQQ by 6.3% during the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after acquiring an additional 4,549 shares during the period. Aviance Capital Partners LLC raised its holdings in Invesco QQQ by 29.7% in the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after buying an additional 1,033 shares during the period. Ameriprise Financial Inc. raised its holdings in Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after buying an additional 243,305 shares during the period. GenWealth Group Inc. raised its holdings in Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after buying an additional 2,325 shares during the period. Finally, VitalStone Financial LLC raised its holdings in Invesco QQQ by 302.0% in the 3rd quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after buying an additional 16,079 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $479.11 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $487.20. The company’s 50-day moving average price is $454.85 and its 200 day moving average price is $436.27.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be issued a $0.7615 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Monday, June 24th.

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.