Cherry Tree Wealth Management LLC Has $287,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

Cherry Tree Wealth Management LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 25.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 701 shares of the exchange traded fund’s stock after selling 242 shares during the period. Cherry Tree Wealth Management LLC’s holdings in Invesco QQQ were worth $287,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its position in Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco QQQ by 1.2% during the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after purchasing an additional 52,019 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Invesco QQQ by 7.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock valued at $1,013,490,000 after purchasing an additional 162,691 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Invesco QQQ by 2.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after purchasing an additional 43,000 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1 %

QQQ traded down $0.26 during midday trading on Wednesday, hitting $440.06. 24,685,057 shares of the company were exchanged, compared to its average volume of 45,329,430. The firm’s 50 day moving average price is $436.66 and its 200-day moving average price is $414.00. Invesco QQQ has a 1-year low of $321.32 and a 1-year high of $449.34.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.5735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%.

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.