High Falls Advisors Inc Decreases Stake in Invesco QQQ (NASDAQ:QQQ)

High Falls Advisors Inc reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 2.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 9,488 shares of the exchange traded fund’s stock after selling 263 shares during the period. Invesco QQQ comprises about 1.0% of High Falls Advisors Inc’s holdings, making the stock its 21st biggest position. High Falls Advisors Inc’s holdings in Invesco QQQ were worth $4,449,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Laird Norton Wetherby Wealth Management LLC raised its position in Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund’s stock worth $3,080,000 after buying an additional 20 shares during the last quarter. Willis Johnson & Associates Inc. increased its holdings in shares of Invesco QQQ by 2.6% during the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 21 shares in the last quarter. MTM Investment Management LLC increased its holdings in shares of Invesco QQQ by 1.6% during the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after purchasing an additional 21 shares in the last quarter. Cutler Investment Counsel LLC increased its holdings in shares of Invesco QQQ by 1.4% during the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after purchasing an additional 21 shares in the last quarter. Finally, Tobias Financial Advisors Inc. increased its holdings in shares of Invesco QQQ by 2.8% during the 4th quarter. Tobias Financial Advisors Inc. now owns 812 shares of the exchange traded fund’s stock valued at $415,000 after purchasing an additional 22 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.1%

NASDAQ:QQQ opened at $579.89 on Friday. The company has a 50 day moving average price of $553.18 and a 200-day moving average price of $513.78. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $583.32.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.