MGO One Seven LLC Lowers Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

MGO One Seven LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 3.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 25,568 shares of the exchange traded fund’s stock after selling 794 shares during the quarter. MGO One Seven LLC’s holdings in Invesco QQQ were worth $11,989,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Ameriprise Financial Inc. increased its holdings in shares of Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock valued at $2,300,993,000 after purchasing an additional 756,990 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Invesco QQQ by 34.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund’s stock worth $1,124,614,000 after acquiring an additional 568,120 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 worth $8,777,850,000 after acquiring an additional 1,868,580 shares during the last quarter. TD Asset Management Inc increased its stake in Invesco QQQ by 18.1% in the first quarter. TD Asset Management Inc now owns 1,378,074 shares of the exchange traded fund’s stock valued at $646,206,000 after purchasing an additional 210,894 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Invesco QQQ by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund’s stock valued at $629,680,000 after purchasing an additional 14,017 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $568.02 on Thursday. The business has a 50-day moving average of $542.10 and a two-hundred day moving average of $509.98. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $572.11.

Invesco QQQ Cuts Dividend

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

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.