Bailard Inc. Sells 5,733 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

Bailard Inc. decreased its position in Invesco QQQ Trust (NASDAQ:QQQ) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 279,438 shares of the exchange traded fund’s stock after selling 5,733 shares during the period. Invesco QQQ Trust makes up 3.4% of Bailard Inc.’s holdings, making the stock its 3rd biggest holding. Bailard Inc.’s holdings in Invesco QQQ Trust were worth $114,435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Red Tortoise LLC lifted its stake in shares of Invesco QQQ Trust by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares in the last quarter. Friedenthal Financial bought a new position in shares of Invesco QQQ Trust during the fourth quarter valued at about $41,000. Bear Mountain Capital Inc. bought a new position in shares of Invesco QQQ Trust during the fourth quarter valued at about $42,000. Core Wealth Advisors Inc. raised its position in Invesco QQQ Trust by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares during the period. Finally, Blume Capital Management Inc. raised its position in Invesco QQQ Trust by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 3,500 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trust Stock Performance

QQQ stock traded up $1.44 during mid-day trading on Wednesday, hitting $426.51. The company had a trading volume of 46,222,772 shares, compared to its average volume of 46,039,938. The stock’s fifty day moving average price is $437.07 and its two-hundred day moving average price is $409.56. Invesco QQQ Trust has a 12 month low of $309.89 and a 12 month high of $449.34.

Invesco QQQ Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.54%.

Invesco QQQ Trust 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.