James Investment Research Inc. Lowers Stock Position in Invesco QQQ (NASDAQ:QQQ)

James Investment Research Inc. cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.6% during the first quarter, Holdings Channel.com reports. The firm owned 1,884 shares of the exchange traded fund’s stock after selling 90 shares during the period. James Investment Research Inc.’s holdings in Invesco QQQ were worth $883,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. NWI Management LP grew its holdings in Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC increased its position in Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after buying an additional 1,868,580 shares in the last quarter. Senator Investment Group LP purchased a new stake in Invesco QQQ in the fourth quarter valued at about $679,936,000. Spear Holdings RSC Ltd acquired a new stake in Invesco QQQ in the first quarter worth about $474,600,000. Finally, Asset Planning Services Inc. LA ADV grew its stake in shares of Invesco QQQ by 100,517.9% during the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund’s stock worth $437,375,000 after acquiring an additional 931,801 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $557.29 on Thursday. The firm’s 50-day moving average price is $531.45 and its 200-day moving average price is $506.52. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $560.80.

Invesco QQQ Cuts Dividend

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