B & T Capital Management DBA Alpha Capital Management Has $44.46 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

B & T Capital Management DBA Alpha Capital Management lowered its position in Invesco QQQ (NASDAQ:QQQ) by 9.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,095 shares of the exchange traded fund’s stock after selling 9,642 shares during the quarter. Invesco QQQ accounts for about 8.4% of B & T Capital Management DBA Alpha Capital Management’s holdings, making the stock its largest position. B & T Capital Management DBA Alpha Capital Management’s holdings in Invesco QQQ were worth $44,461,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ during the 1st quarter valued at $28,000. Deane Retirement Strategies Inc. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $29,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at $30,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at $35,000. Finally, Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $40,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.1 %

Shares of NASDAQ QQQ traded up $0.27 during midday trading on Thursday, hitting $493.42. The stock had a trading volume of 14,884,392 shares, compared to its average volume of 39,351,438. The company’s 50-day simple moving average is $471.00 and its 200 day simple moving average is $462.58. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

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

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.