CBIZ Investment Advisory Services LLC Purchases 13,729 Shares of Invesco QQQ $QQQ

Key Points

• CBIZ Investment Advisory Services LLC increased its holdings in Invesco QQQ by 3.5%, owning approximately $191.89 million worth of shares, making it the fund's 5th largest position.
• Goldman Sachs Group's investments in Invesco QQQ surged by 959.6% during the same period, now holding over $11.3 billion in shares.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, translating to an annualized yield of 0.4%.

CBIZ Investment Advisory Services LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 409,205 shares of the exchange traded fund's stock after purchasing an additional 13,729 shares during the quarter. Invesco QQQ comprises 9.4% of CBIZ Investment Advisory Services LLC's portfolio, making the stock its 5th largest position. CBIZ Investment Advisory Services LLC owned approximately 0.06% of Invesco QQQ worth $191,888,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilkins Miller Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $1,018,000. Sentinus LLC increased its position in Invesco QQQ by 17.6% in the 4th quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund's stock valued at $3,307,000 after acquiring an additional 970 shares during the period. Sendero Wealth Management LLC acquired a new stake in Invesco QQQ in the 1st quarter valued at approximately $273,000. Griffith & Werner Inc. acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $583,000. Finally, GSG Advisors LLC increased its position in Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock valued at $3,600,000 after acquiring an additional 585 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.1%

QQQ traded down $0.67 during trading hours on Tuesday, hitting $591.01. The company's stock had a trading volume of 17,845,217 shares, compared to its average volume of 45,162,449. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $592.86. The company has a 50-day simple moving average of $569.03 and a 200 day simple moving average of $521.27.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a $0.5911 dividend. This represents a $2.36 annualized dividend and a 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.