Cascade Financial Partners LLC Has $3.08 Million Position in Invesco QQQ $QQQ

Key Points

• Cascade Financial Partners LLC has increased its stake in Invesco QQQ by 16.7%, now owning 6,565 shares worth approximately $3.08 million.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, translating to an annualized yield of 0.4%.
• The stock price of Invesco QQQ opened at $577.34, with a 52-week range from $402.39 to $583.32.

Cascade Financial Partners LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,565 shares of the exchange traded fund's stock after purchasing an additional 941 shares during the period. Cascade Financial Partners LLC's holdings in Invesco QQQ were worth $3,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in QQQ. Laird Norton Wetherby Wealth Management LLC lifted its holdings in Invesco QQQ by 0.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after purchasing an additional 20 shares during the period. Willis Johnson & Associates Inc. grew its holdings in Invesco QQQ by 2.6% during the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after purchasing an additional 21 shares during the last quarter. MTM Investment Management LLC grew its holdings in Invesco QQQ by 1.6% during 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 last quarter. Cutler Investment Counsel LLC boosted its position in shares of Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after acquiring an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC lifted its position in Invesco QQQ by 1.6% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock worth $707,000 after purchasing an additional 22 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $4.6760 during mid-day trading on Thursday, hitting $561.2240. 29,300,722 shares of the company were exchanged, compared to its average volume of 44,890,719. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $583.32. The business has a fifty day moving average of $556.43 and a 200 day moving average of $515.17.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.