Invesco QQQ (NASDAQ:QQQ) Stock Holdings Raised by Cable Hill Partners LLC

Cable Hill Partners LLC increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 112.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 863 shares of the exchange traded fund's stock after acquiring an additional 456 shares during the period. Cable Hill Partners LLC's holdings in Invesco QQQ were worth $410,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Prevail Innovative Wealth Advisors LLC raised its holdings in shares of Invesco QQQ by 4.3% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock valued at $247,000 after buying an additional 20 shares during the period. Legacy Investment Solutions LLC grew its position in Invesco QQQ by 8.2% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after acquiring an additional 20 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its stake in shares of Invesco QQQ by 0.3% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after purchasing an additional 20 shares during the period. Willis Johnson & Associates Inc. lifted its position in shares of Invesco QQQ by 2.6% during the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after purchasing an additional 21 shares in the last quarter. Finally, MTM Investment Management LLC boosted its stake in shares of Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded up $4.56 during midday trading on Thursday, hitting $561.85. 33,070,660 shares of the stock were exchanged, compared to its average volume of 39,549,155. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $562.24. The company has a 50 day moving average price of $531.45 and a two-hundred day moving average price of $506.52.

Invesco QQQ Cuts Dividend

The firm also recently announced 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. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%. 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.