Invesco QQQ (NASDAQ:QQQ) Shares Sold by Leeward Financial Partners LLC

Leeward Financial Partners LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 3.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 785 shares of the exchange traded fund’s stock after selling 27 shares during the quarter. Leeward Financial Partners LLC’s holdings in Invesco QQQ were worth $349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Global Assets Advisory LLC bought a new stake in shares of Invesco QQQ during the first quarter valued at about $1,580,776,000. CHURCHILL MANAGEMENT Corp lifted its holdings in Invesco QQQ by 30.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after purchasing an additional 433,317 shares during the period. Comerica Bank bought a new position in Invesco QQQ in the 3rd quarter valued at about $140,657,000. Finally, Granite Bay Wealth Management LLC increased its stake in Invesco QQQ by 47.1% during the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock valued at $451,075,000 after buying an additional 378,922 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $491.04 on Thursday. The firm’s 50-day moving average is $457.35 and its two-hundred day moving average is $437.90. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $491.17.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be issued a dividend of $0.7615 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.62%.

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.