Invesco QQQ (NASDAQ:QQQ) Shares Sold by Coston McIsaac & Partners

Coston McIsaac & Partners cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 13.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 617 shares of the exchange traded fund’s stock after selling 93 shares during the quarter. Coston McIsaac & Partners’ holdings in Invesco QQQ were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Deane Retirement Strategies Inc. acquired a new position in Invesco QQQ during the first quarter worth about $29,000. Voisard Asset Management Group Inc. acquired a new position in Invesco QQQ during the fourth quarter worth about $35,000. Red Tortoise LLC boosted its position in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 74 shares during the last quarter. Robinson Capital Management LLC acquired a new position in Invesco QQQ during the fourth quarter worth about $40,000. Finally, Friedenthal Financial acquired a new position in Invesco QQQ during the fourth quarter worth about $41,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ traded down $2.50 on Friday, reaching $479.11. 34,881,581 shares of the company’s stock were exchanged, compared to its average volume of 28,583,126. The stock’s fifty day moving average price is $454.85 and its 200-day moving average price is $436.54. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $487.20.

Invesco QQQ Increases Dividend

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

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.