Weaver Consulting Group Cuts Position in Invesco QQQ (NASDAQ:QQQ)

Weaver Consulting Group decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,166 shares of the exchange traded fund’s stock after selling 112 shares during the period. Weaver Consulting Group’s holdings in Invesco QQQ were worth $1,406,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. International Assets Investment Management LLC grew its stake in shares of Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares during the period. Global Assets Advisory LLC bought a new stake in Invesco QQQ in the first quarter valued at approximately $1,580,776,000. Commonwealth Equity Services LLC grew its holdings in shares of Invesco QQQ by 7.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after purchasing an additional 162,691 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp increased its stake in shares of Invesco QQQ by 30.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after buying an additional 433,317 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.5 %

QQQ traded down $2.50 during trading on Friday, hitting $479.11. 34,881,581 shares of the stock traded hands, compared to its average volume of 28,583,126. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $487.20. The firm has a 50-day moving average of $454.85 and a 200 day moving average of $436.27.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be issued a dividend of $0.7615 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, June 24th.

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.