Invesco QQQ (NASDAQ:QQQ) Shares Sold by Bouchey Financial Group Ltd

Key Points

• Bouchey Financial Group Ltd sold 889 shares of Invesco QQQ, reducing its holdings by 0.2%, but remains the largest position in its portfolio, constituting 16.0% of its investments.
• Other institutional investors are also increasing their stakes in Invesco QQQ, indicating growing interest in the fund, which now has over 44% institutional ownership.
• Invesco QQQ announced a dividend of $0.5911 per share, with a 0.4% annualized yield, reflecting its ongoing distribution to shareholders despite fluctuating stock performance.

Bouchey Financial Group Ltd reduced its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 378,612 shares of the exchange traded fund's stock after selling 889 shares during the period. Invesco QQQ makes up about 16.0% of Bouchey Financial Group Ltd's holdings, making the stock its biggest holding. Bouchey Financial Group Ltd owned approximately 0.06% of Invesco QQQ worth $177,599,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mullooly Asset Management Inc. bought a new stake in shares of Invesco QQQ during the first quarter valued at approximately $2,775,904,000. Ameriprise Financial Inc. increased its position in Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after acquiring an additional 756,990 shares during the period. Commonwealth Equity Services LLC raised its stake in Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock valued at $1,163,036,000 after acquiring an additional 54,944 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Invesco QQQ by 34.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock worth $1,124,614,000 after acquiring an additional 568,120 shares during the period. Finally, GAMMA Investing LLC boosted its position in Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after acquiring an additional 1,868,580 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ traded up $1.92 during trading hours on Thursday, reaching $569.24. 44,049,632 shares of the company's stock traded hands, compared to its average volume of 44,292,076. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $574.63. The business's fifty day simple moving average is $546.86 and its two-hundred day simple moving average is $511.70.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.