Baer Investment Advisory LLC Decreases Stake in Invesco QQQ (NASDAQ:QQQ)

Baer Investment Advisory LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 87.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 513 shares of the exchange traded fund's stock after selling 3,679 shares during the period. Invesco QQQ comprises about 0.4% of Baer Investment Advisory LLC's holdings, making the stock its 21st largest position. Baer Investment Advisory LLC's holdings in Invesco QQQ were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Eagle Capital Management LLC grew its stake in shares of Invesco QQQ by 0.3% in the 4th 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 in the last quarter. Brighton Jones LLC grew its position in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted 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 buying an additional 176 shares in the last quarter. Proficio Capital Partners LLC boosted its stake 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 worth $11,791,000 after buying an additional 687 shares during the last quarter. Finally, Great Lakes Advisors LLC grew its holdings in shares of Invesco QQQ by 20.0% in the fourth quarter. Great Lakes Advisors LLC now owns 3,028 shares of the exchange traded fund's stock valued at $1,548,000 after acquiring an additional 504 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.4%

QQQ stock traded up $2.01 during midday trading on Monday, hitting $556.21. The company's stock had a trading volume of 36,310,078 shares, compared to its average volume of 44,914,648. The stock's 50-day moving average price is $527.06 and its 200 day moving average price is $505.58. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.63.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, June 23rd.

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.