Advisors Preferred LLC Sells 2,790 Shares of Invesco QQQ $QQQ

Advisors Preferred LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 47.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,086 shares of the exchange traded fund’s stock after selling 2,790 shares during the quarter. Advisors Preferred LLC’s holdings in Invesco QQQ were worth $1,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in QQQ. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $25,000. Shcp LLC purchased a new position in shares of Invesco QQQ during the third quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 43 shares during the period. Rachor Investment Advisory Services LLC bought a new position in Invesco QQQ in the fourth quarter worth about $29,000. Finally, Islay Capital Management LLC bought a new position in Invesco QQQ in the fourth quarter worth about $32,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $719.71 on Wednesday. The company has a 50-day simple moving average of $720.06 and a two-hundred day simple moving average of $651.59. Invesco QQQ has a one year low of $551.56 and a one year high of $748.65.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were given a $0.8135 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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