Invesco QQQ (NASDAQ:QQQ) Shares Sold by Courier Capital LLC

Courier Capital LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 9,425 shares of the exchange traded fund’s stock after selling 41 shares during the period. Courier Capital LLC’s holdings in Invesco QQQ were worth $4,185,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Bank Hapoalim BM increased its holdings in Invesco QQQ by 6.3% during the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after purchasing an additional 4,549 shares during the period. Aviance Capital Partners LLC lifted its position in Invesco QQQ by 29.7% during the 4th 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. Ameriprise Financial Inc. lifted its position in Invesco QQQ by 6.1% during 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 acquiring an additional 243,305 shares during the period. GenWealth Group Inc. lifted its holdings in shares of Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after buying an additional 2,325 shares during the period. Finally, VitalStone Financial LLC raised its holdings in Invesco QQQ by 302.0% during the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after purchasing an additional 16,079 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $2.50 during midday trading on Friday, reaching $479.11. The company’s stock had a trading volume of 34,548,621 shares, compared to its average volume of 41,063,043. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $487.20. The business has a 50 day moving average price of $452.40 and a 200 day moving average price of $435.37.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be paid a dividend of $0.7615 per share. 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. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

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.