Ironwood Investment Counsel LLC Reduces Holdings in Invesco QQQ $QQQ

Ironwood Investment Counsel LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,558 shares of the exchange traded fund’s stock after selling 149 shares during the period. Ironwood Investment Counsel LLC’s holdings in Invesco QQQ were worth $1,411,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QQQ. GSG Advisors LLC grew its stake in Invesco QQQ by 8.2% in the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after purchasing an additional 585 shares in the last quarter. Amundi raised its stake in Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after buying an additional 6,600 shares in the last quarter. Greykasell Wealth Strategies Inc. lifted its holdings in Invesco QQQ by 8.4% during the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock worth $3,649,000 after buying an additional 605 shares during the last quarter. AM Investment Strategies LLC grew its position in shares of Invesco QQQ by 46.5% in the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after acquiring an additional 612 shares in the last quarter. Finally, Banco Santander S.A. grew its position in shares of Invesco QQQ by 100.2% in the 1st quarter. Banco Santander S.A. now owns 75,125 shares of the exchange traded fund’s stock worth $35,228,000 after acquiring an additional 37,605 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.3%

Shares of NASDAQ QQQ opened at $621.57 on Wednesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The business has a 50 day simple moving average of $603.52 and a 200-day simple moving average of $562.90.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.4%.

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.