Invesco QQQ (NASDAQ:QQQ) Shares Sold by Private Ocean LLC

Private Ocean LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 49.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,859 shares of the exchange traded fund’s stock after selling 1,829 shares during the quarter. Private Ocean LLC’s holdings in Invesco QQQ were worth $825,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Natixis Advisors L.P. lifted its position in Invesco QQQ by 26.9% during the 3rd quarter. Natixis Advisors L.P. now owns 16,118 shares of the exchange traded fund’s stock worth $5,775,000 after acquiring an additional 3,418 shares during the period. Gotham Asset Management LLC lifted its position in Invesco QQQ by 2.2% during the 3rd quarter. Gotham Asset Management LLC now owns 5,403 shares of the exchange traded fund’s stock worth $1,936,000 after acquiring an additional 115 shares during the period. Rehmann Capital Advisory Group lifted its position in Invesco QQQ by 0.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 21,289 shares of the exchange traded fund’s stock worth $7,627,000 after acquiring an additional 62 shares during the period. First Business Financial Services Inc. lifted its position in Invesco QQQ by 36.2% during the 3rd quarter. First Business Financial Services Inc. now owns 895 shares of the exchange traded fund’s stock worth $321,000 after acquiring an additional 238 shares during the period. Finally, BOS Asset Management LLC acquired a new stake in Invesco QQQ during the 3rd quarter worth about $349,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.5 %

Shares of QQQ opened at $479.11 on Friday. The stock has a 50-day moving average of $454.85 and a two-hundred day moving average of $436.54. Invesco QQQ has a one year low of $342.35 and a one year high of $487.20.

Invesco QQQ Increases Dividend

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

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.