Bridgewater Advisors Inc. Sells 15,099 Shares of Invesco QQQ (NASDAQ:QQQ)

Bridgewater Advisors Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 25.8% in the 1st quarter, Holdings Channel reports. The fund owned 43,395 shares of the exchange traded fund’s stock after selling 15,099 shares during the quarter. Invesco QQQ accounts for about 1.8% of Bridgewater Advisors Inc.’s investment portfolio, making the stock its 16th biggest position. Bridgewater Advisors Inc.’s holdings in Invesco QQQ were worth $20,636,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Invesco QQQ by 34.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund’s stock valued at $1,124,614,000 after acquiring an additional 568,120 shares during the period. GAMMA Investing LLC raised its position in Invesco QQQ by 55,795.2% in the first 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 in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Invesco QQQ by 1.1% in the first 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 in the last quarter. Finally, Senator Investment Group LP purchased a new position in shares of Invesco QQQ in the fourth quarter valued at $679,936,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.1%

NASDAQ QQQ opened at $560.44 on Tuesday. The business’s 50-day simple moving average is $528.46 and its 200-day simple moving average is $505.81. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $560.70.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%.

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.