CSM Advisors LLC Has $143.56 Million Holdings in Invesco QQQ $QQQ

Key Points

• CSM Advisors LLC has reduced its stake in Invesco QQQ by 9.2%, now holding 306,150 shares valued at $143.56 million, making it the firm's 3rd biggest position.
• Invesco QQQ has experienced a 1.5% increase in share price, opening at $571.97, with a twelve-month trading range between $402.39 and $583.32.
• The firm recently paid a quarterly dividend of $0.5911 per share, which equates to an annualized dividend yield of 0.4%.

CSM Advisors LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 306,150 shares of the exchange traded fund's stock after selling 31,000 shares during the period. Invesco QQQ comprises 7.8% of CSM Advisors LLC's investment portfolio, making the stock its 3rd biggest position. CSM Advisors LLC's holdings in Invesco QQQ were worth $143,560,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $1,018,000. Sentinus LLC boosted its position in Invesco QQQ by 17.6% during the fourth quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund's stock worth $3,307,000 after purchasing an additional 970 shares during the period. Sendero Wealth Management LLC bought a new position in Invesco QQQ during the first quarter worth about $273,000. Cary Street Partners Financial LLC bought a new position in Invesco QQQ during the fourth quarter worth about $10,052,000. Finally, Baird Financial Group Inc. boosted its position in Invesco QQQ by 4.0% during the fourth quarter. Baird Financial Group Inc. now owns 327,433 shares of the exchange traded fund's stock worth $167,394,000 after purchasing an additional 12,627 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 1.5%

Shares of NASDAQ:QQQ opened at $571.97 on Monday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.32. The company has a 50-day moving average price of $557.92 and a two-hundred day moving average price of $515.64.

Invesco QQQ Cuts Dividend

The firm also recently announced 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 yield of 0.4%. The ex-dividend date was 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.

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