Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $10.59 Million Position in Invesco QQQ (NASDAQ:QQQ)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,590 shares of the exchange traded fund’s stock after selling 1,052 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Invesco QQQ were worth $10,593,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. NWI Management LP raised its position in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock valued at $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC raised its position in shares of Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Senator Investment Group LP bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $679,936,000. Spear Holdings RSC Ltd bought a new position in shares of Invesco QQQ in the first quarter valued at approximately $474,600,000. Finally, Asset Planning Services Inc. LA ADV raised its position in shares of Invesco QQQ by 100,517.9% in the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund’s stock valued at $437,375,000 after purchasing an additional 931,801 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $568.02 on Thursday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $572.11. The company’s 50 day moving average is $542.10 and its 200-day moving average is $509.98.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Monday, June 23rd.

Invesco QQQ 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.