Arvest Trust Co. N A Cuts Stake in Invesco QQQ (NASDAQ:QQQ)

Arvest Trust Co. N A trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,152 shares of the exchange traded fund’s stock after selling 1,834 shares during the quarter. Invesco QQQ accounts for about 1.3% of Arvest Trust Co. N A’s portfolio, making the stock its 21st largest position. Arvest Trust Co. N A’s holdings in Invesco QQQ were worth $21,633,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Atwater Malick LLC purchased a new stake in Invesco QQQ in the first quarter valued at $293,000. Westwood Holdings Group Inc. raised its position 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 valued at $7,173,000 after acquiring an additional 1,993 shares in the last quarter. GenWealth Group Inc. boosted its position 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 worth $18,851,000 after purchasing an additional 2,325 shares in the last quarter. Socha Financial Group LLC increased its holdings in shares of Invesco QQQ by 1.3% during 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 purchasing an additional 1,153 shares in the last quarter. Finally, SVB Wealth LLC boosted its holdings in Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after buying an additional 2,453 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.4 %

QQQ opened at $473.24 on Tuesday. The company has a fifty day moving average of $469.61 and a two-hundred day moving average of $457.60. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Increases Dividend

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

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.