Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,532 shares of the exchange traded fund's stock after acquiring an additional 1,060 shares during the quarter. Advisors Management Group Inc. ADV's holdings in Invesco QQQ were worth $3,532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of QQQ. Saxon Interests Inc. boosted its position in shares of Invesco QQQ by 5.3% during the first quarter. Saxon Interests Inc. now owns 6,193 shares of the exchange traded fund's stock valued at $2,904,000 after buying an additional 309 shares during the period. Keystone Financial Services LLC increased its holdings in shares of Invesco QQQ by 5.5% in the first quarter. Keystone Financial Services LLC now owns 5,958 shares of the exchange traded fund's stock valued at $2,794,000 after purchasing an additional 308 shares during the period. Koshinski Asset Management Inc. increased its stake in shares of Invesco QQQ by 5.2% in the first quarter. Koshinski Asset Management Inc. now owns 30,704 shares of the exchange traded fund's stock worth $14,398,000 after acquiring an additional 1,527 shares during the period. J.Safra Asset Management Corp lifted its holdings in Invesco QQQ by 4.6% in the first quarter. J.Safra Asset Management Corp now owns 343,649 shares of the exchange traded fund's stock valued at $161,144,000 after acquiring an additional 15,033 shares during the period. Finally, Red Door Wealth Management LLC grew its position in Invesco QQQ by 12.5% during the first quarter. Red Door Wealth Management LLC now owns 3,627 shares of the exchange traded fund's stock valued at $1,701,000 after buying an additional 402 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.7%

Shares of NASDAQ QQQ traded up $3.81 during trading on Wednesday, hitting $550.80. The company had a trading volume of 36,407,364 shares, compared to its average volume of 39,197,686. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $552.80. The stock has a fifty day simple moving average of $514.18 and a two-hundred day simple moving average of $504.17.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%.

Invesco QQQ 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.