Cambridge Trust Co. Lowers Position in Invesco QQQ (NASDAQ:QQQ)

Cambridge Trust Co. lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,010 shares of the exchange traded fund’s stock after selling 141 shares during the period. Cambridge Trust Co.’s holdings in Invesco QQQ were worth $5,737,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Red Tortoise LLC increased its position in shares of Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. Friedenthal Financial bought a new position in Invesco QQQ during the 4th quarter worth approximately $41,000. Bear Mountain Capital Inc. bought a new position in Invesco QQQ during the 4th quarter worth approximately $42,000. Core Wealth Advisors Inc. grew its position in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Invesco QQQ during the 2nd quarter worth approximately $44,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ traded down $2.52 on Thursday, hitting $423.32. 33,113,842 shares of the company were exchanged, compared to its average volume of 45,433,270. The firm has a fifty day simple moving average of $438.24 and a two-hundred day simple moving average of $407.40. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.54%.

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.