Bryant Woods Investment Advisors LLC Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Bryant Woods Investment Advisors LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 71.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,096 shares of the exchange traded fund's stock after acquiring an additional 457 shares during the quarter. Bryant Woods Investment Advisors LLC's holdings in Invesco QQQ were worth $514,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Ameriprise Financial Inc. lifted its holdings in shares of 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 valued at $2,300,993,000 after buying an additional 756,990 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco QQQ by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after buying an additional 52,235 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 valued at $1,124,614,000 after buying an additional 568,120 shares during the period. GAMMA Investing LLC lifted its holdings in shares of 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 valued at $8,777,850,000 after buying an additional 1,868,580 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of 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 valued at $629,680,000 after buying an additional 14,017 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ stock traded up $0.12 on Tuesday, hitting $552.15. The company had a trading volume of 13,715,029 shares, compared to its average volume of 39,202,297. The company has a 50-day moving average price of $521.12 and a 200-day moving average price of $504.84. 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 declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a $0.5911 dividend. 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.