Tradewinds Capital Management LLC Sells 56 Shares of Invesco QQQ (NASDAQ:QQQ)

Tradewinds Capital Management LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 35.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 102 shares of the exchange traded fund’s stock after selling 56 shares during the period. Tradewinds Capital Management LLC’s holdings in Invesco QQQ were worth $45,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. International Assets Investment Management LLC lifted its holdings in shares of Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares during the period. Global Assets Advisory LLC bought a new position in shares of Invesco QQQ during the 1st quarter worth about $1,580,776,000. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco QQQ by 7.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after acquiring an additional 162,691 shares during the period. Finally, CHURCHILL MANAGEMENT Corp lifted its holdings in shares of Invesco QQQ by 30.7% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after acquiring an additional 433,317 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $4.19 during midday trading on Wednesday, reaching $491.17. 12,595,884 shares of the company’s stock were exchanged, compared to its average volume of 40,601,324. The company’s 50 day simple moving average is $457.35 and its two-hundred day simple moving average is $437.90. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $491.17.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be given a dividend of $0.7615 per share. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.62%. This is a boost 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.