Invesco QQQ (NASDAQ:QQQ) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 39.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,603 shares of the exchange traded fund’s stock after selling 36,507 shares during the period. Invesco QQQ makes up 0.8% of Mutual Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Mutual Advisors LLC’s holdings in Invesco QQQ were worth $26,748,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Naviter Wealth LLC lifted its holdings in shares of Invesco QQQ by 8.8% in the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund’s stock valued at $675,000 after purchasing an additional 107 shares in the last quarter. Eagle Capital Management LLC grew its holdings in Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock valued at $31,025,000 after buying an additional 185 shares during the last quarter. Brighton Jones LLC increased its position in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Invesco QQQ by 8.5% in the fourth quarter. Bank of New York Mellon Corp now owns 92,759 shares of the exchange traded fund’s stock worth $47,421,000 after acquiring an additional 7,295 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7%

QQQ opened at $550.80 on Thursday. The business’s fifty day simple moving average is $516.09 and its 200 day simple moving average is $504.49. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $552.80.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.

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.