Invesco QQQ (NASDAQ:QQQ) is Clarity Wealth Advisors LLC's 4th Largest Position

Clarity Wealth Advisors LLC raised its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,457 shares of the exchange traded fund's stock after purchasing an additional 906 shares during the quarter. Invesco QQQ comprises approximately 7.0% of Clarity Wealth Advisors LLC's investment portfolio, making the stock its 4th biggest holding. Clarity Wealth Advisors LLC's holdings in Invesco QQQ were worth $25,067,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ during the fourth quarter worth approximately $36,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ during the first quarter worth approximately $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ during the first quarter worth approximately $51,000. Finally, Banque Transatlantique SA bought a new stake in Invesco QQQ during the fourth quarter worth approximately $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.2%

NASDAQ:QQQ traded down $1.25 during trading hours on Friday, reaching $554.20. 39,558,757 shares of the company's stock were exchanged, compared to its average volume of 39,410,558. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $557.63. The business's 50-day simple moving average is $525.75 and its two-hundred day simple moving average is $505.74.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is 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.