Anfield Capital Management LLC Sells 28,987 Shares of Invesco QQQ (NASDAQ:QQQ)

Key Points

• Anfield Capital Management LLC drastically reduced its holdings in Invesco QQQ by 98.9% in Q1, leaving it with only 337 shares valued at $158,000.
• Institutional investors now own 44.58% of Invesco QQQ, with several funds, including AIA Group Ltd, making new investments during the same quarter.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, resulting in an annualized yield of 0.4%.

Anfield Capital Management LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 98.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 337 shares of the exchange traded fund's stock after selling 28,987 shares during the quarter. Anfield Capital Management LLC's holdings in Invesco QQQ were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Laird Norton Wetherby Wealth Management LLC raised its position in Invesco QQQ by 0.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after purchasing an additional 20 shares during the last quarter. Willis Johnson & Associates Inc. boosted its stake in shares of Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after purchasing an additional 21 shares during the last quarter. MTM Investment Management LLC boosted its stake in shares of Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after purchasing an additional 21 shares during the last quarter. Cutler Investment Counsel LLC boosted its stake in shares of Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after purchasing an additional 21 shares during the last quarter. Finally, Tobias Financial Advisors Inc. boosted its stake in shares of Invesco QQQ by 2.8% in the 4th quarter. Tobias Financial Advisors Inc. now owns 812 shares of the exchange traded fund's stock valued at $415,000 after purchasing an additional 22 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.3%

Shares of NASDAQ QQQ traded up $7.20 during mid-day trading on Tuesday, hitting $580.05. The company's stock had a trading volume of 42,061,779 shares, compared to its average volume of 44,394,500. Invesco QQQ has a one year low of $402.39 and a one year high of $580.35. The company's fifty day simple moving average is $551.05 and its 200-day simple moving average is $512.86.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%.

About Invesco QQQ

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.