Ironwood Financial llc Sells 345 Shares of Invesco QQQ (NASDAQ:QQQ)

Ironwood Financial llc cut its position in Invesco QQQ (NASDAQ:QQQ) by 3.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,357 shares of the exchange traded fund’s stock after selling 345 shares during the quarter. Invesco QQQ makes up approximately 1.1% of Ironwood Financial llc’s investment portfolio, making the stock its 27th largest holding. Ironwood Financial llc’s holdings in Invesco QQQ were worth $4,599,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in QQQ. Clarity Wealth Advisors LLC grew its stake in shares of Invesco QQQ by 1.8% during the first quarter. Clarity Wealth Advisors LLC now owns 51,671 shares of the exchange traded fund’s stock worth $22,943,000 after acquiring an additional 902 shares during the last quarter. Waterway Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the first quarter worth about $506,000. White Wing Wealth Management grew its stake in shares of Invesco QQQ by 9.9% during the first quarter. White Wing Wealth Management now owns 21,255 shares of the exchange traded fund’s stock worth $9,457,000 after acquiring an additional 1,918 shares during the last quarter. Deltec Asset Management LLC grew its stake in shares of Invesco QQQ by 32.9% during the first quarter. Deltec Asset Management LLC now owns 2,081 shares of the exchange traded fund’s stock worth $924,000 after acquiring an additional 515 shares during the last quarter. Finally, Fiduciary Alliance LLC grew its stake in shares of Invesco QQQ by 101.1% during the first quarter. Fiduciary Alliance LLC now owns 5,836 shares of the exchange traded fund’s stock worth $2,597,000 after acquiring an additional 2,934 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $479.11 on Monday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $487.20. The stock’s 50-day simple moving average is $454.85 and its 200-day simple moving average is $436.77.

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 paid a dividend of $0.7615 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend 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.