Invesco QQQ (NASDAQ:QQQ) Shares Sold by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 38.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 566 shares of the exchange traded fund’s stock after selling 353 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Invesco QQQ were worth $251,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC increased its position in Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Global Assets Advisory LLC acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $1,580,776,000. CHURCHILL MANAGEMENT Corp raised its stake in shares of Invesco QQQ by 30.7% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after purchasing an additional 433,317 shares during the last quarter. Comerica Bank acquired a new stake in shares of Invesco QQQ during the third quarter worth $140,657,000. Finally, Granite Bay Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 47.1% during the fourth quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock worth $451,075,000 after purchasing an additional 378,922 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ traded up $4.08 during trading on Wednesday, hitting $501.85. The stock had a trading volume of 12,945,934 shares, compared to its average volume of 40,084,652. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $501.89. The company’s 50-day moving average price is $464.03 and its 200 day moving average price is $440.98.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders 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 0.61%. 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 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.