Seelaus Asset Management LLC Decreases Stake in Invesco QQQ (NASDAQ:QQQ)

Seelaus Asset Management LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,249 shares of the exchange traded fund’s stock after selling 127 shares during the period. Invesco QQQ makes up about 1.0% of Seelaus Asset Management LLC’s holdings, making the stock its 18th largest position. Seelaus Asset Management LLC’s holdings in Invesco QQQ were worth $1,055,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL lifted its position in shares of Invesco QQQ by 48.6% in the first quarter. Strategic Investment Solutions Inc. IL now owns 312 shares of the exchange traded fund’s stock valued at $146,000 after acquiring an additional 102 shares in the last quarter. Solitude Financial Services lifted its position in shares of Invesco QQQ by 3,647.4% in the first quarter. Solitude Financial Services now owns 15,327 shares of the exchange traded fund’s stock valued at $7,187,000 after acquiring an additional 14,918 shares in the last quarter. Clearstead Trust LLC lifted its position in shares of Invesco QQQ by 4.1% in the first quarter. Clearstead Trust LLC now owns 145,887 shares of the exchange traded fund’s stock valued at $68,409,000 after acquiring an additional 5,745 shares in the last quarter. Gill Capital Partners LLC lifted its position in shares of Invesco QQQ by 41.7% in the first quarter. Gill Capital Partners LLC now owns 20,410 shares of the exchange traded fund’s stock valued at $9,571,000 after acquiring an additional 6,004 shares in the last quarter. Finally, Allianz SE lifted its position in shares of Invesco QQQ by 29.1% in the first quarter. Allianz SE now owns 137,963 shares of the exchange traded fund’s stock valued at $64,694,000 after acquiring an additional 31,105 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $553.88 on Monday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $574.63. The stock’s fifty day simple moving average is $544.01 and its 200-day simple moving average is $510.67.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

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.