Vishria Bird Financial Group LLC Decreases Holdings in Invesco QQQ (NASDAQ:QQQ)

Vishria Bird Financial Group LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,694 shares of the exchange traded fund's stock after selling 617 shares during the quarter. Invesco QQQ accounts for about 3.9% of Vishria Bird Financial Group LLC's investment portfolio, making the stock its 9th biggest holding. Vishria Bird Financial Group LLC's holdings in Invesco QQQ were worth $11,580,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. NWI Management LP lifted its position in Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC raised its stake 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 valued at $8,777,850,000 after buying an additional 1,868,580 shares during the last quarter. Senator Investment Group LP bought a new position in shares of Invesco QQQ during the 4th quarter valued at $679,936,000. Asset Planning Services Inc. LA ADV lifted its holdings in shares of Invesco QQQ by 100,517.9% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock valued at $437,375,000 after buying an additional 931,801 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of 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 worth $2,300,993,000 after buying an additional 756,990 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ traded up $3.81 during trading hours on Wednesday, hitting $550.80. The stock had a trading volume of 36,407,364 shares, compared to its average volume of 39,147,923. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $552.80. The stock has a fifty day moving average price of $514.18 and a 200 day moving average price of $504.17.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%.

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.