Private Capital Management LLC Sells 125 Shares of Invesco QQQ (NASDAQ:QQQ)

Private Capital Management LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,961 shares of the exchange traded fund’s stock after selling 125 shares during the quarter. Private Capital Management LLC’s holdings in Invesco QQQ were worth $871,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Atwater Malick LLC purchased a new position in Invesco QQQ in the 1st quarter worth about $293,000. Westwood Holdings Group Inc. increased its position in shares of Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares during the period. Aviance Capital Partners LLC increased its position in shares of Invesco QQQ by 29.7% during the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after acquiring an additional 1,033 shares during the period. GenWealth Group Inc. raised its stake in shares of Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after acquiring an additional 2,325 shares in the last quarter. Finally, Fiera Capital Corp boosted its holdings in shares of Invesco QQQ by 1.7% in the fourth quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock valued at $268,987,000 after purchasing an additional 11,013 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.1 %

NASDAQ:QQQ traded up $0.61 during midday trading on Friday, hitting $475.03. The stock had a trading volume of 38,272,141 shares, compared to its average volume of 41,031,074. The stock has a 50-day moving average of $474.36 and a 200 day moving average of $451.51. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Increases Dividend

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

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.