Seneca House Advisors Reduces Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Seneca House Advisors trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,994 shares of the exchange traded fund’s stock after selling 486 shares during the period. Invesco QQQ comprises approximately 3.9% of Seneca House Advisors’ investment portfolio, making the stock its 6th largest holding. Seneca House Advisors’ holdings in Invesco QQQ were worth $8,877,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atwater Malick LLC bought a new position in shares of Invesco QQQ during the 1st quarter worth $293,000. Bank Hapoalim BM grew its stake in Invesco QQQ by 6.3% in the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after buying an additional 4,549 shares in the last quarter. Aviance Capital Partners LLC raised its stake in shares of Invesco QQQ by 29.7% during the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after purchasing an additional 1,033 shares during the period. Ameriprise Financial Inc. grew its holdings in Invesco QQQ by 6.1% during 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 buying an additional 243,305 shares in the last quarter. Finally, GenWealth Group Inc. lifted its holdings in shares of Invesco QQQ by 5.8% in the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after buying an additional 2,325 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.5 %

Shares of NASDAQ:QQQ opened at $479.11 on Monday. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $487.20. The company has a 50 day moving average of $454.85 and a 200 day moving average of $436.77.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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.