Norris Perne & French LLP MI Reduces Position in Invesco QQQ (NASDAQ:QQQ)

Norris Perne & French LLP MI lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 21.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 510 shares of the exchange traded fund’s stock after selling 138 shares during the quarter. Norris Perne & French LLP MI’s holdings in Invesco QQQ were worth $226,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Summit X LLC boosted its holdings in Invesco QQQ by 0.4% during the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after acquiring an additional 24 shares during the period. IMA Wealth Inc. raised its position in Invesco QQQ by 1.3% during the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after purchasing an additional 25 shares in the last quarter. S.A. Mason LLC raised its position in Invesco QQQ by 1.5% during the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after purchasing an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC raised its position in Invesco QQQ by 0.4% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 25 shares in the last quarter. Finally, Cedrus LLC raised its position in Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.5 %

Shares of NASDAQ QQQ opened at $479.11 on Friday. The business has a fifty day simple moving average of $454.85 and a two-hundred day simple moving average of $436.54. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $487.20.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be given a dividend of $0.7615 per share. The ex-dividend date of this dividend is Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%.

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.