Shufro Rose & Co. LLC Cuts Stake in Invesco QQQ (NASDAQ:QQQ)

Shufro Rose & Co. LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,774 shares of the exchange traded fund’s stock after selling 192 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Invesco QQQ were worth $726,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC increased its holdings in shares of Invesco QQQ by 40,957.3% in the fourth 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 buying an additional 28,263,426 shares in the last quarter. Comerica Bank bought a new stake in Invesco QQQ in the third quarter worth $140,657,000. Granite Bay Wealth Management LLC lifted its stake in shares of Invesco QQQ by 47.1% in the fourth quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock valued at $451,075,000 after buying an additional 378,922 shares during the period. CHURCHILL MANAGEMENT Corp lifted its stake in shares of Invesco QQQ by 36.3% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock valued at $578,680,000 after buying an additional 376,661 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of Invesco QQQ by 77.2% in the fourth quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock valued at $345,182,000 after buying an additional 367,317 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $6.55 during mid-day trading on Friday, hitting $431.00. 41,874,907 shares of the stock were exchanged, compared to its average volume of 47,550,872. The stock’s fifty day simple moving average is $436.88 and its two-hundred day simple moving average is $410.40. Invesco QQQ has a twelve month low of $315.05 and a twelve month high of $449.34.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.53%.

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.