Invesco QQQ (NASDAQ:QQQ) Shares Sold by Nwam LLC

Nwam LLC cut its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 40.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,557 shares of the exchange traded fund's stock after selling 27,405 shares during the quarter. Invesco QQQ makes up approximately 1.6% of Nwam LLC's investment portfolio, making the stock its 11th largest position. Nwam LLC's holdings in Invesco QQQ were worth $19,018,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Eagle Capital Management LLC increased its position in shares of Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after purchasing an additional 185 shares in the last quarter. Brighton Jones LLC increased its position in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after buying an additional 176 shares during the last quarter. Horizon Investments LLC boosted its stake in Invesco QQQ by 266.7% during the fourth quarter. Horizon Investments LLC now owns 1,012 shares of the exchange traded fund's stock worth $517,000 after buying an additional 736 shares during the last quarter. Finally, VSM Wealth Advisory LLC acquired a new position in Invesco QQQ during the fourth quarter worth $123,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ traded down $0.54 on Friday, reaching $561.26. 50,428,921 shares of the company were exchanged, compared to its average volume of 39,504,546. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $564.73. The business's fifty day moving average price is $534.38 and its 200 day moving average price is $507.18.

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 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.

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.