Empirical Finance LLC Decreases Holdings in Invesco QQQ (NASDAQ:QQQ)

Key Points

• Empirical Finance LLC reduced its holdings in Invesco QQQ by 9.2% in Q1, now owning 13,997 shares valued at approximately $6.56 million.
• Other investors have made recent purchases of Invesco QQQ, with stake acquisitions ranging from $35,000 to $57,000 by various wealth management firms in the fourth quarter.
• Invesco QQQ announced a quarterly dividend of $0.5911 per share, with an annualized yield of 0.42%, payable to shareholders of record on June 23rd.

Empirical Finance LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,997 shares of the exchange traded fund's stock after selling 1,422 shares during the quarter. Empirical Finance LLC's holdings in Invesco QQQ were worth $6,563,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in QQQ. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the 4th quarter worth about $36,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the 1st quarter worth about $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ in the 1st quarter worth about $51,000. Finally, Banque Transatlantique SA purchased a new stake in Invesco QQQ in the 4th quarter worth about $57,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $566.37 on Friday. The business has a 50-day moving average of $539.14 and a 200 day moving average of $508.84. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $567.70.

Invesco QQQ Cuts Dividend

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

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