Gamco Investors INC. ET AL Decreases Holdings in Invesco QQQ (NASDAQ:QQQ)

Gamco Investors INC. ET AL lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,650 shares of the exchange traded fund’s stock after selling 30 shares during the period. Gamco Investors INC. ET AL’s holdings in Invesco QQQ were worth $4,285,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Summit X LLC increased its holdings in Invesco QQQ by 0.4% during the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after buying an additional 24 shares during the last quarter. CarsonAllaria Wealth Management Ltd. boosted its position in Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares during the period. Lauterbach Financial Advisors LLC boosted its position in Invesco QQQ by 0.4% during the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after purchasing an additional 25 shares during the period. Cedrus LLC boosted its position in Invesco QQQ by 1.7% during the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after purchasing an additional 25 shares during the period. Finally, Waterfront Wealth Inc. boosted its position in Invesco QQQ by 3.1% during the fourth quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock worth $344,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded up $4.70 on Friday, reaching $462.97. 39,992,132 shares of the company’s stock were exchanged, compared to its average volume of 34,120,704. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The stock has a fifty day simple moving average of $474.69 and a 200-day simple moving average of $447.69.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be given a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

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.