Invesco QQQ (NASDAQ:QQQ) Shares Sold by Fingerlakes Wealth Management Inc.

Fingerlakes Wealth Management Inc. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,113 shares of the exchange traded fund’s stock after selling 261 shares during the period. Invesco QQQ comprises about 6.0% of Fingerlakes Wealth Management Inc.’s portfolio, making the stock its 3rd largest holding. Fingerlakes Wealth Management Inc.’s holdings in Invesco QQQ were worth $7,087,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock valued at $1,239,886,000 after purchasing an additional 52,235 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Invesco QQQ by 34.8% in the 4th 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 period. GAMMA Investing LLC lifted its stake in shares of Invesco QQQ by 55,795.2% in the 1st 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 period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Invesco QQQ by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund’s stock worth $629,680,000 after acquiring an additional 14,017 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1%

Shares of NASDAQ QQQ opened at $555.45 on Friday. The stock has a fifty day moving average price of $525.75 and a two-hundred day moving average price of $505.74. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.63.

Invesco QQQ Cuts Dividend

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

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.