Invesco QQQ (NASDAQ:QQQ) Shares Sold by Ceeto Capital Group LLC

Ceeto Capital Group LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 60.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 324 shares of the exchange traded fund’s stock after selling 500 shares during the period. Ceeto Capital Group LLC’s holdings in Invesco QQQ were worth $144,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Atwater Malick LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at $293,000. Bank Hapoalim BM lifted its holdings in shares of Invesco QQQ by 6.3% during the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after purchasing an additional 4,549 shares during the last quarter. Aviance Capital Partners LLC boosted its position in shares of Invesco QQQ by 29.7% in 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. GenWealth Group Inc. increased its stake in Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after purchasing an additional 2,325 shares in the last quarter. Finally, Fiera Capital Corp increased its stake in Invesco QQQ by 1.7% in the 4th quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock worth $268,987,000 after purchasing an additional 11,013 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $4.70 on Friday, hitting $462.97. 39,992,132 shares of the company were exchanged, compared to its average volume of 34,120,704. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The company’s 50 day moving average price is $474.69 and its 200-day moving average price is $447.96.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be issued a dividend of $0.7615 per share. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.66%. This is a positive change 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.