Bogart Wealth LLC Acquires 1,567 Shares of Invesco QQQ (NASDAQ:QQQ)

Bogart Wealth LLC lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,407 shares of the exchange traded fund's stock after buying an additional 1,567 shares during the period. Bogart Wealth LLC's holdings in Invesco QQQ were worth $11,445,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in QQQ. Fortress Financial Solutions LLC lifted its stake in Invesco QQQ by 2.7% in the 1st quarter. Fortress Financial Solutions LLC now owns 19,475 shares of the exchange traded fund's stock valued at $9,132,000 after purchasing an additional 504 shares during the last quarter. Private Capital Advisors Inc. increased its holdings in shares of Invesco QQQ by 45.9% during the first quarter. Private Capital Advisors Inc. now owns 4,182 shares of the exchange traded fund's stock worth $1,961,000 after purchasing an additional 1,315 shares during the period. Florida Financial Advisors LLC boosted its position in shares of Invesco QQQ by 2.3% during the 1st quarter. Florida Financial Advisors LLC now owns 22,908 shares of the exchange traded fund's stock worth $10,739,000 after acquiring an additional 506 shares in the last quarter. MTM Investment Management LLC boosted its position in shares of Invesco QQQ by 1.6% during the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after acquiring an additional 21 shares in the last quarter. Finally, Corrado Advisors LLC boosted its position in shares of Invesco QQQ by 6.5% during the 1st quarter. Corrado Advisors LLC now owns 494 shares of the exchange traded fund's stock worth $232,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $554.20 on Monday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $557.63. The company's 50 day moving average price is $527.06 and its two-hundred day moving average price is $505.58.

Invesco QQQ Cuts Dividend

The firm also recently declared 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 of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend 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.

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