AAF Wealth Management LLC Has $293,000 Holdings in Invesco QQQ $QQQ

Key Points

• AAF Wealth Management LLC reduced its holdings in Invesco QQQ by 40.9%, now holding 624 shares valued at approximately $293,000.
• Other investors increased their stakes in Invesco QQQ, with Great Lakes Advisors boosting its holdings by 50.5% during the first quarter.
• Invesco QQQ's current share price is $578.87, with a 12-month trading range between $402.39 and $583.32.

AAF Wealth Management LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 40.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 624 shares of the exchange traded fund's stock after selling 432 shares during the quarter. AAF Wealth Management LLC's holdings in Invesco QQQ were worth $293,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Northeast Financial Consultants Inc lifted its holdings in shares of Invesco QQQ by 0.8% during the first quarter. Northeast Financial Consultants Inc now owns 183,918 shares of the exchange traded fund's stock worth $86,243,000 after buying an additional 1,518 shares during the last quarter. Faithward Advisors LLC lifted its holdings in shares of Invesco QQQ by 10.2% during the first quarter. Faithward Advisors LLC now owns 8,776 shares of the exchange traded fund's stock worth $4,115,000 after buying an additional 809 shares during the last quarter. Ascent Group LLC lifted its holdings in shares of Invesco QQQ by 10.9% during the first quarter. Ascent Group LLC now owns 1,566 shares of the exchange traded fund's stock worth $735,000 after buying an additional 154 shares during the last quarter. Coppell Advisory Solutions LLC acquired a new position in shares of Invesco QQQ during the first quarter worth approximately $6,811,000. Finally, Great Lakes Advisors LLC lifted its holdings in shares of Invesco QQQ by 50.5% during the first quarter. Great Lakes Advisors LLC now owns 4,558 shares of the exchange traded fund's stock worth $2,137,000 after buying an additional 1,530 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.5%

Shares of QQQ stock opened at $578.87 on Tuesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32. The stock has a 50 day moving average of $565.79 and a 200-day moving average of $518.70.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.

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