Blue Square Asset Management LLC Sells 5,588 Shares of Invesco QQQ (NASDAQ:QQQ)

Blue Square Asset Management LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 26.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,764 shares of the exchange traded fund's stock after selling 5,588 shares during the quarter. Invesco QQQ comprises about 4.0% of Blue Square Asset Management LLC's investment portfolio, making the stock its 4th biggest position. Blue Square Asset Management LLC's holdings in Invesco QQQ were worth $7,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Eagle Capital Management LLC lifted its holdings in shares of Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after purchasing an additional 185 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after purchasing an additional 176 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Invesco QQQ by 3.1% during the 4th quarter. Proficio Capital Partners LLC now owns 23,065 shares of the exchange traded fund's stock valued at $11,791,000 after purchasing an additional 687 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its holdings in shares of Invesco QQQ by 20.0% during the 4th quarter. Great Lakes Advisors LLC now owns 3,028 shares of the exchange traded fund's stock valued at $1,548,000 after purchasing an additional 504 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ traded up $0.51 during midday trading on Tuesday, hitting $556.72. 43,038,869 shares of the company's stock traded hands, compared to its average volume of 39,422,560. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $560.70. The firm's fifty day moving average is $528.46 and its 200-day moving average is $505.81.

Invesco QQQ Cuts Dividend

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

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.