Invesco QQQ (NASDAQ:QQQ) is Certified Advisory Corp's 3rd Largest Position

Key Points

• Certified Advisory Corp increased its stake in Invesco QQQ by 3.0%, owning 55,708 shares valued at approximately $26.1 million.
• 44.58% of Invesco QQQ stock is currently owned by institutional investors, highlighting strong institutional interest.
• Invesco QQQ's recent quarterly dividend was declared at $0.5911 per share, yielding about 0.4% annually.

Certified Advisory Corp boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,708 shares of the exchange traded fund's stock after buying an additional 1,605 shares during the quarter. Invesco QQQ accounts for approximately 3.0% of Certified Advisory Corp's portfolio, making the stock its 3rd largest holding. Certified Advisory Corp's holdings in Invesco QQQ were worth $26,123,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BCGM Wealth Management LLC grew its holdings in Invesco QQQ by 0.7% in the first quarter. BCGM Wealth Management LLC now owns 22,531 shares of the exchange traded fund's stock valued at $10,565,000 after purchasing an additional 166 shares during the last quarter. Shufro Rose & Co. LLC boosted its position in shares of Invesco QQQ by 2.6% in the 1st quarter. Shufro Rose & Co. LLC now owns 1,826 shares of the exchange traded fund's stock worth $856,000 after buying an additional 47 shares in the last quarter. Invictus Private Wealth LLC grew its stake in Invesco QQQ by 1.9% in the 1st quarter. Invictus Private Wealth LLC now owns 344,850 shares of the exchange traded fund's stock valued at $161,707,000 after acquiring an additional 6,591 shares during the last quarter. EFG Asset Management Americas Corp. purchased a new position in Invesco QQQ during the 1st quarter valued at about $3,726,000. Finally, Ackerman Asset Management LLC purchased a new position in Invesco QQQ during the 1st quarter valued at about $5,411,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 2.0%

Shares of NASDAQ QQQ traded down $11.13 on Friday, hitting $553.88. The company's stock had a trading volume of 69,290,965 shares, compared to its average volume of 40,141,440. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $574.63. The stock has a 50 day moving average of $543.12 and a 200-day moving average of $510.39.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given 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.