Invesco QQQ $QQQ Shares Sold by Rise Advisors LLC

Key Points

• Rise Advisors LLC reduced its stake in Invesco QQQ by 52.6%, owning 1,015 shares valued at approximately $476,000 after the sale of 1,126 shares in the first quarter.
• Other institutional investors have modified their holdings as well, with some acquiring new stakes or increasing their existing ones in Invesco QQQ during the same period.
• Invesco QQQ currently has a dividend yield of 0.4%, with a declared quarterly dividend of $0.5911 paid on July 31st.

Rise Advisors LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 52.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,015 shares of the exchange traded fund's stock after selling 1,126 shares during the quarter. Rise Advisors LLC's holdings in Invesco QQQ were worth $476,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $51,000. Blume Capital Management Inc. grew its stake in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Atlantic Private Wealth LLC increased its holdings in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after acquiring an additional 120 shares in the last quarter. Finally, Putney Financial Group LLC acquired a new position in Invesco QQQ during the fourth quarter worth $67,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $576.06 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32. The company has a fifty day moving average of $565.25 and a two-hundred day moving average of $518.60.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors 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 yield of 0.4%.

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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