Iron Horse Wealth Management LLC Sells 161 Shares of Invesco QQQ (NASDAQ:QQQ)

Iron Horse Wealth Management LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 53.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142 shares of the exchange traded fund’s stock after selling 161 shares during the period. Iron Horse Wealth Management LLC’s holdings in Invesco QQQ were worth $63,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in QQQ. Natixis Advisors L.P. grew its holdings in shares of Invesco QQQ by 26.9% in the third quarter. Natixis Advisors L.P. now owns 16,118 shares of the exchange traded fund’s stock valued at $5,775,000 after acquiring an additional 3,418 shares in the last quarter. Gotham Asset Management LLC raised its stake in shares of Invesco QQQ by 2.2% during the 3rd quarter. Gotham Asset Management LLC now owns 5,403 shares of the exchange traded fund’s stock worth $1,936,000 after purchasing an additional 115 shares during the period. Rehmann Capital Advisory Group boosted its holdings in shares of Invesco QQQ by 0.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 21,289 shares of the exchange traded fund’s stock worth $7,627,000 after buying an additional 62 shares during the last quarter. First Business Financial Services Inc. grew its position in Invesco QQQ by 36.2% during the third quarter. First Business Financial Services Inc. now owns 895 shares of the exchange traded fund’s stock valued at $321,000 after buying an additional 238 shares during the period. Finally, BOS Asset Management LLC purchased a new stake in Invesco QQQ during the third quarter worth about $349,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.5 %

QQQ traded down $2.50 during midday trading on Friday, reaching $479.11. The company had a trading volume of 34,881,581 shares, 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 business has a 50-day moving average price of $454.85 and a two-hundred day moving average price of $436.54.

Invesco QQQ Increases Dividend

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