Aire Advisors LLC Trims Stake in Invesco QQQ (NASDAQ:QQQ)

Aire Advisors LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 24.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,287 shares of the exchange traded fund's stock after selling 1,088 shares during the period. Aire Advisors LLC's holdings in Invesco QQQ were worth $1,541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in QQQ. Eagle Capital Management LLC increased its holdings in Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after buying an additional 185 shares during the last quarter. Brighton Jones LLC boosted its position in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after purchasing an additional 176 shares during the period. Millstone Evans Group LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth approximately $96,000. Finally, Fortis Capital Management LLC boosted its position in shares of Invesco QQQ by 9.9% in the fourth quarter. Fortis Capital Management LLC now owns 6,717 shares of the exchange traded fund's stock worth $3,434,000 after purchasing an additional 606 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ traded down $2.92 during mid-day trading on Tuesday, reaching $561.25. The stock had a trading volume of 42,884,164 shares, compared to its average volume of 39,509,893. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $566.06. The business has a fifty day moving average of $534.38 and a 200 day moving average of $507.13.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%.

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.