Invesco QQQ (NASDAQ:QQQ) Shares Sold by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. cut its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,030 shares of the exchange traded fund's stock after selling 461 shares during the period. Invesco QQQ accounts for approximately 1.3% of Aurora Private Wealth Inc.'s investment portfolio, making the stock its 16th largest holding. Aurora Private Wealth Inc.'s holdings in Invesco QQQ were worth $5,172,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in QQQ. Naviter Wealth LLC boosted its position in shares of Invesco QQQ by 8.8% during the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after buying an additional 107 shares during the period. Eagle Capital Management LLC boosted its position in shares of 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 buying an additional 185 shares during the period. Brighton Jones LLC boosted its position in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after buying 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 fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after buying an additional 176 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Invesco QQQ by 8.5% during the fourth quarter. Bank of New York Mellon Corp now owns 92,759 shares of the exchange traded fund's stock worth $47,421,000 after buying an additional 7,295 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $5.08 during midday trading on Friday, hitting $555.88. 26,443,524 shares of the company's stock were exchanged, compared to its average volume of 39,231,028. The stock's 50 day moving average price is $517.86 and its 200-day moving average price is $504.61. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $557.20.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend 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.