Dohj LLC Lowers Stock Position in Invesco QQQ (NASDAQ:QQQ)

Dohj LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 12.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,176 shares of the exchange traded fund’s stock after selling 2,492 shares during the quarter. Invesco QQQ makes up 2.1% of Dohj LLC’s holdings, making the stock its 9th largest holding. Dohj LLC’s holdings in Invesco QQQ were worth $7,034,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Red Tortoise LLC raised its holdings in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial bought a new position in Invesco QQQ in the 4th quarter worth $41,000. Bear Mountain Capital Inc. bought a new position in Invesco QQQ in the 4th quarter worth $42,000. Core Wealth Advisors Inc. raised its holdings in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 30 shares during the period. Finally, Blume Capital Management Inc. raised its holdings in Invesco QQQ by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 3,500 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $6.55 during trading on Friday, reaching $431.00. The company had a trading volume of 41,874,907 shares, compared to its average volume of 47,550,872. Invesco QQQ has a 52 week low of $315.05 and a 52 week high of $449.34. The firm’s 50-day simple moving average is $436.88 and its 200 day simple moving average is $410.40.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%.

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.