Annapolis Financial Services LLC Sells 469 Shares of Invesco QQQ (NASDAQ:QQQ)

Annapolis Financial Services LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 82.6% during the 1st quarter, Holdings Channel reports. The fund owned 99 shares of the exchange traded fund’s stock after selling 469 shares during the period. Annapolis Financial Services LLC’s holdings in Invesco QQQ were worth $44,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC raised 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 purchasing an additional 28,263,426 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Invesco QQQ in the first quarter valued at about $1,580,776,000. CHURCHILL MANAGEMENT Corp raised its holdings in shares of Invesco QQQ by 30.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock valued at $819,814,000 after purchasing an additional 433,317 shares during the last quarter. Comerica Bank purchased a new stake in shares of Invesco QQQ in the third quarter valued at about $140,657,000. Finally, Granite Bay Wealth Management LLC raised its holdings 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 purchasing an additional 378,922 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock traded down $2.50 on Friday, hitting $479.11. The stock had a trading volume of 34,881,581 shares, compared to its average volume of 28,583,126. The business has a 50 day moving average of $454.85 and a 200 day moving average of $436.54. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $487.20.

Invesco QQQ Increases Dividend

The business also recently declared 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 is Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.64%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

About Invesco QQQ

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.