Cwm LLC Has $248.32 Million Position in Invesco QQQ (NASDAQ:QQQ)

Cwm LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 11.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 529,562 shares of the exchange traded fund’s stock after selling 68,065 shares during the quarter. Invesco QQQ makes up approximately 1.0% of Cwm LLC’s portfolio, making the stock its 17th largest position. Cwm LLC owned about 0.08% of Invesco QQQ worth $248,322,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. TFR Capital LLC. lifted its stake in Invesco QQQ by 0.3% in the first quarter. TFR Capital LLC. now owns 11,273 shares of the exchange traded fund’s stock valued at $5,286,000 after acquiring an additional 35 shares during the last quarter. Dock Street Asset Management Inc. lifted its stake in Invesco QQQ by 1.1% in the first quarter. Dock Street Asset Management Inc. now owns 3,476 shares of the exchange traded fund’s stock valued at $1,630,000 after acquiring an additional 37 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in Invesco QQQ in the first quarter valued at approximately $173,000. High Note Wealth LLC lifted its stake in Invesco QQQ by 3.6% in the first quarter. High Note Wealth LLC now owns 17,202 shares of the exchange traded fund’s stock valued at $8,066,000 after acquiring an additional 597 shares during the last quarter. Finally, Westmount Partners LLC lifted its stake in Invesco QQQ by 0.8% in the first quarter. Westmount Partners LLC now owns 8,306 shares of the exchange traded fund’s stock valued at $3,895,000 after acquiring an additional 64 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.2%

NASDAQ QQQ opened at $554.20 on Friday. The company has a 50 day moving average price of $527.06 and a two-hundred day moving average price of $505.74. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $557.63.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date 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.