Invesco QQQ (NASDAQ:QQQ) Position Decreased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC lowered its position in Invesco QQQ (NASDAQ:QQQFree Report) by 0.5% in the first quarter, Holdings Channel reports. The fund owned 168,049 shares of the exchange traded fund’s stock after selling 912 shares during the period. Invesco QQQ makes up approximately 2.5% of Dynamic Advisor Solutions LLC’s portfolio, making the stock its 2nd biggest holding. Dynamic Advisor Solutions LLC’s holdings in Invesco QQQ were worth $74,616,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Deane Retirement Strategies Inc. acquired a new stake in shares of Invesco QQQ during the 1st quarter worth about $29,000. Voisard Asset Management Group Inc. acquired a new stake in Invesco QQQ during the fourth quarter worth approximately $35,000. Red Tortoise LLC lifted its position in shares of Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $41,000. Finally, Robinson Capital Management LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded up $4.78 during midday trading on Tuesday, hitting $478.74. 20,503,631 shares of the company were exchanged, compared to its average volume of 41,318,703. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $486.86. The company has a fifty day simple moving average of $450.34 and a 200 day simple moving average of $434.44.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be issued a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, June 24th.

Invesco QQQ Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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