Calton & Associates Inc. Increases Holdings in Invesco QQQ (NASDAQ:QQQ)

Calton & Associates Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 67.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,945 shares of the exchange traded fund's stock after buying an additional 16,955 shares during the period. Invesco QQQ makes up 2.4% of Calton & Associates Inc.'s holdings, making the stock its 8th biggest position. Calton & Associates Inc.'s holdings in Invesco QQQ were worth $19,669,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC boosted its stake in shares of Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after purchasing an additional 185 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after acquiring an additional 176 shares during the period. Horizon Investments LLC lifted its stake in shares of Invesco QQQ by 266.7% in the fourth quarter. Horizon Investments LLC now owns 1,012 shares of the exchange traded fund's stock worth $517,000 after acquiring an additional 736 shares during the period. Finally, Absolute Capital Management LLC lifted its stake in shares of Invesco QQQ by 5.7% in the fourth quarter. Absolute Capital Management LLC now owns 18,430 shares of the exchange traded fund's stock worth $9,422,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded down $0.54 during midday trading on Friday, reaching $561.26. The company had a trading volume of 50,428,921 shares, compared to its average volume of 39,495,266. The stock has a fifty day moving average price of $534.38 and a 200 day moving average price of $507.15. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $564.73.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.42%.

Invesco QQQ 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.