RiverTree Advisors LLC Sells 121 Shares of Invesco QQQ (NASDAQ:QQQ)

RiverTree Advisors LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 8.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,274 shares of the exchange traded fund’s stock after selling 121 shares during the quarter. Invesco QQQ makes up 0.4% of RiverTree Advisors LLC’s holdings, making the stock its 24th largest position. RiverTree Advisors LLC’s holdings in Invesco QQQ were worth $566,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Natixis Advisors L.P. boosted its holdings in shares of Invesco QQQ by 26.9% during the third 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. O Shaughnessy Asset Management LLC grew its holdings in Invesco QQQ by 5.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 15,547 shares of the exchange traded fund’s stock valued at $5,570,000 after buying an additional 786 shares in the last quarter. Synovus Financial Corp increased its position in Invesco QQQ by 2.5% during the 3rd quarter. Synovus Financial Corp now owns 42,832 shares of the exchange traded fund’s stock worth $15,354,000 after buying an additional 1,059 shares during the period. Beacon Bridge Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 33.1% during the third quarter. Beacon Bridge Wealth Partners LLC now owns 2,323 shares of the exchange traded fund’s stock worth $832,000 after buying an additional 578 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its position in shares of Invesco QQQ by 80.3% in the third quarter. CWA Asset Management Group LLC now owns 3,040 shares of the exchange traded fund’s stock valued at $1,089,000 after acquiring an additional 1,354 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded up $3.82 during mid-day trading on Friday, reaching $485.43. 8,051,962 shares of the company’s stock were exchanged, compared to its average volume of 40,849,363. Invesco QQQ has a one year low of $342.35 and a one year high of $487.20. The business’s fifty day simple moving average is $452.40 and its two-hundred day simple moving average is $435.37.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be given a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.63%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th.

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.