Invesco QQQ $QQQ Shares Sold by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. lessened its position in Invesco QQQ (NASDAQ:QQQ) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,305 shares of the exchange traded fund’s stock after selling 90 shares during the period. Invesco QQQ comprises 1.9% of Bridgewater Advisors Inc.’s portfolio, making the stock its 16th largest holding. Bridgewater Advisors Inc.’s holdings in Invesco QQQ were worth $24,565,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of QQQ. Brighton Jones LLC grew its holdings in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC grew its stake in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the period. Wealth Group Ltd. grew its stake in Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after buying an additional 4,835 shares during the period. Principal Financial Group Inc. grew its stake in Invesco QQQ by 62.6% during the first quarter. Principal Financial Group Inc. now owns 46,119 shares of the exchange traded fund’s stock worth $21,626,000 after buying an additional 17,750 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Invesco QQQ by 7.7% during the first quarter. Bank of New York Mellon Corp now owns 99,906 shares of the exchange traded fund’s stock worth $46,848,000 after buying an additional 7,147 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.5%

QQQ opened at $629.07 on Monday. The firm’s fifty day moving average price is $596.70 and its 200 day moving average price is $554.59. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

The business 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. This represents a $2.78 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.