Annapolis Financial Services LLC Decreases Position in Invesco QQQ (NASDAQ:QQQ)

Annapolis Financial Services LLC decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 82.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99 shares of the exchange traded fund’s stock after selling 469 shares during the period. Annapolis Financial Services LLC’s holdings in Invesco QQQ were worth $44,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ during the first quarter valued at approximately $29,000. Voisard Asset Management Group Inc. acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $35,000. Red Tortoise LLC raised its stake in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares in the last quarter. Robinson Capital Management LLC acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $40,000. Finally, Friedenthal Financial acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.5 %

Shares of Invesco QQQ stock traded down $2.50 on Friday, reaching $479.11. 34,881,581 shares of the company were exchanged, compared to its average volume of 28,583,126. The company’s 50-day moving average is $454.85 and its two-hundred day moving average is $436.54. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $487.20.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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.