Invesco QQQ (NASDAQ:QQQ) Shares Bought by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 699,177 shares of the exchange traded fund's stock after purchasing an additional 17,210 shares during the period. Invesco QQQ makes up approximately 0.7% of Cerity Partners LLC's investment portfolio, making the stock its 26th largest position. Cerity Partners LLC owned 0.11% of Invesco QQQ worth $327,868,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position 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 purchasing an additional 756,990 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Invesco QQQ by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock worth $1,239,886,000 after purchasing an additional 52,235 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Invesco QQQ by 34.8% during 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 acquiring an additional 568,120 shares during the last quarter. GAMMA Investing LLC increased its stake in 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 stake 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 worth $629,680,000 after acquiring an additional 14,017 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.2%

Shares of Invesco QQQ stock traded down $1.25 on Friday, reaching $554.20. 39,558,757 shares of the stock were exchanged, compared to its average volume of 39,410,558. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.63. The business has a fifty day moving average price of $525.75 and a two-hundred day moving average price of $505.74.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued 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.