Bridgewater Advisors Inc. Sells 15,099 Shares of Invesco QQQ (NASDAQ:QQQ)

Bridgewater Advisors Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 25.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,395 shares of the exchange traded fund's stock after selling 15,099 shares during the quarter. Invesco QQQ makes up 1.8% of Bridgewater Advisors Inc.'s portfolio, making the stock its 16th biggest position. Bridgewater Advisors Inc.'s holdings in Invesco QQQ were worth $20,636,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in QQQ. Ameriprise Financial Inc. boosted its position in Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Invesco QQQ by 34.8% in the fourth 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 purchasing an additional 568,120 shares during the last quarter. GAMMA Investing LLC boosted its position in Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Invesco QQQ by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock worth $629,680,000 after purchasing an additional 14,017 shares during the last quarter. Finally, Senator Investment Group LP bought a new position in shares of Invesco QQQ in the fourth quarter worth about $679,936,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.1%

Shares of NASDAQ QQQ traded down $0.54 during trading on Friday, hitting $561.26. The company had a trading volume of 48,156,393 shares, compared to its average volume of 39,541,999. The stock has a 50 day simple moving average of $532.92 and a 200 day simple moving average of $506.84. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $563.36.

Invesco QQQ Cuts Dividend

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

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.