Chilton Capital Management LLC Sells 469 Shares of Invesco QQQ (NASDAQ:QQQ)

Chilton Capital Management LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 13.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,988 shares of the exchange traded fund’s stock after selling 469 shares during the period. Chilton Capital Management LLC’s holdings in Invesco QQQ were worth $1,401,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ameriprise Financial Inc. raised its position in shares of Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock valued at $2,300,993,000 after purchasing an additional 756,990 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Invesco QQQ by 0.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock valued at $1,593,354,000 after purchasing an additional 27,115 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Invesco QQQ by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock valued at $1,239,886,000 after purchasing an additional 52,235 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Invesco QQQ by 34.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund’s stock worth $1,124,614,000 after acquiring an additional 568,120 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock worth $8,777,850,000 after acquiring an additional 1,868,580 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.9%

Invesco QQQ stock opened at $555.88 on Friday. The firm’s 50 day simple moving average is $519.53 and its 200 day simple moving average is $504.67. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.20.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

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.