Invesco QQQ (NASDAQ:QQQ) Shares Sold by Stephens Consulting LLC

Stephens Consulting LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 5.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,051 shares of the exchange traded fund’s stock after selling 699 shares during the period. Invesco QQQ makes up about 1.5% of Stephens Consulting LLC’s portfolio, making the stock its 13th largest holding. Stephens Consulting LLC’s holdings in Invesco QQQ were worth $4,907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. Global Assets Advisory LLC purchased a new position in Invesco QQQ during the 1st quarter worth approximately $1,580,776,000. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco QQQ by 7.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock valued at $1,013,490,000 after purchasing an additional 162,691 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp boosted its position in Invesco QQQ by 30.7% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after acquiring an additional 433,317 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.5 %

QQQ stock opened at $479.11 on Monday. The company has a 50 day moving average of $454.85 and a two-hundred day moving average of $436.77. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $487.20.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be paid a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.64%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th.

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.