Alpha Cubed Investments LLC Has $10.78 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Alpha Cubed Investments LLC boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,993 shares of the exchange traded fund's stock after purchasing an additional 615 shares during the period. Alpha Cubed Investments LLC's holdings in Invesco QQQ were worth $10,782,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Naviter Wealth LLC increased its position in Invesco QQQ by 8.8% during the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock valued at $675,000 after buying an additional 107 shares in the last quarter. Eagle Capital Management LLC increased its stake in Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after acquiring an additional 185 shares during the last quarter. Brighton Jones LLC boosted its holdings in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after acquiring an additional 176 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Invesco QQQ by 3.1% in the 4th quarter. Proficio Capital Partners LLC now owns 23,065 shares of the exchange traded fund's stock valued at $11,791,000 after purchasing an additional 687 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ traded up $0.66 on Tuesday, hitting $552.69. 15,066,121 shares of the company's stock were exchanged, compared to its average volume of 39,207,301. The firm's 50-day moving average price is $521.12 and its two-hundred day moving average price is $504.84. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $557.20.

Invesco QQQ Cuts Dividend

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

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.