Astoria Portfolio Advisors LLC. Has $1.14 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Astoria Portfolio Advisors LLC. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,649 shares of the exchange traded fund’s stock after selling 333 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in Invesco QQQ were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Deane Retirement Strategies Inc. bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $29,000. Voisard Asset Management Group Inc. bought a new position in Invesco QQQ in the 4th quarter valued at $35,000. Red Tortoise LLC raised its position in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. Robinson Capital Management LLC bought a new position in Invesco QQQ in the 4th quarter valued at $40,000. Finally, Friedenthal Financial bought a new position in Invesco QQQ in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.5 %

Shares of QQQ opened at $479.11 on Friday. The stock has a fifty day moving average price of $454.85 and a two-hundred day moving average price of $436.27. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $487.20.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be given a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.64%.

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.