Brio Consultants LLC Acquires 21,472 Shares of Invesco QQQ (NASDAQ:QQQ)

Key Points

• Brio Consultants LLC significantly increased its holdings in Invesco QQQ by purchasing an additional 21,472 shares, leading to a total of 22,749 shares owned.
• Institutional investors and hedge funds currently hold 44.58% of Invesco QQQ, reflecting a strong interest from large financial entities amid recent stock activity.
• The company announced a quarterly dividend of $0.5911 per share, signaling a 0.42% yield to shareholders, payable on July 31.

Brio Consultants LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1,681.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,749 shares of the exchange traded fund's stock after buying an additional 21,472 shares during the period. Invesco QQQ makes up about 4.0% of Brio Consultants LLC's holdings, making the stock its 4th biggest position. Brio Consultants LLC's holdings in Invesco QQQ were worth $10,667,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Ameriprise Financial Inc. increased its position in Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Invesco QQQ by 34.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock worth $1,124,614,000 after purchasing an additional 568,120 shares during the last quarter. GAMMA Investing LLC increased its position in Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the last quarter. TD Asset Management Inc increased its position in Invesco QQQ by 18.1% in the 1st quarter. TD Asset Management Inc now owns 1,378,074 shares of the exchange traded fund's stock worth $646,206,000 after purchasing an additional 210,894 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Invesco QQQ by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock worth $629,680,000 after purchasing an additional 14,017 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.3%

Shares of QQQ stock opened at $568.14 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $569.04. The stock's 50-day moving average is $540.06 and its two-hundred day moving average is $509.18.

Invesco QQQ Cuts Dividend

The company also recently announced 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 0.42%. The ex-dividend date of this dividend 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.

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