Fluent Financial LLC Sells 343 Shares of Invesco QQQ (NASDAQ:QQQ)

Fluent Financial LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,338 shares of the exchange traded fund’s stock after selling 343 shares during the quarter. Invesco QQQ comprises about 3.3% of Fluent Financial LLC’s investment portfolio, making the stock its 6th largest position. Fluent Financial LLC’s holdings in Invesco QQQ were worth $5,922,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ in the 1st quarter valued at about $29,000. Voisard Asset Management Group Inc. acquired a new stake in Invesco QQQ in the 4th quarter valued at about $35,000. Red Tortoise LLC grew its stake 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 acquiring an additional 74 shares during the last quarter. Robinson Capital Management LLC purchased a new position in Invesco QQQ in the 4th quarter valued at about $40,000. Finally, Friedenthal Financial purchased a new position in Invesco QQQ in the 4th quarter valued at about $41,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $491.04 on Thursday. The company’s 50-day moving average is $457.35 and its two-hundred day moving average is $437.90. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $491.17.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be issued a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 0.62%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th.

Invesco QQQ 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.