Affinity Capital Advisors LLC Trims Stock Position in Invesco QQQ (NASDAQ:QQQ)

Affinity Capital Advisors LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,334 shares of the exchange traded fund’s stock after selling 48 shares during the quarter. Affinity Capital Advisors LLC’s holdings in Invesco QQQ were worth $2,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Ameriprise Financial Inc. boosted its holdings in Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after purchasing an additional 243,305 shares in the last quarter. Global Assets Advisory LLC purchased a new position in shares of Invesco QQQ during the 1st quarter worth approximately $1,580,776,000. Commonwealth Equity Services LLC boosted its position in shares of Invesco QQQ by 7.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after purchasing an additional 162,691 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp grew its position in Invesco QQQ by 30.7% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after buying an additional 433,317 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2 %

Shares of NASDAQ:QQQ traded up $1.04 during midday trading on Wednesday, hitting $480.42. 3,983,934 shares of the stock were exchanged, compared to its average volume of 41,076,723. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $486.86. The company has a 50 day moving average price of $451.31 and a 200-day moving average price of $435.05.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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.