Invesco QQQ (NASDAQ:QQQ) Shares Bought by Continuum Advisory LLC

Continuum Advisory LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,177 shares of the exchange traded fund's stock after purchasing an additional 777 shares during the period. Invesco QQQ accounts for approximately 1.9% of Continuum Advisory LLC's holdings, making the stock its 10th biggest holding. Continuum Advisory LLC's holdings in Invesco QQQ were worth $14,620,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of QQQ. Tallon Kerry Patrick bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $4,904,000. Naviter Wealth LLC grew its holdings in Invesco QQQ by 8.8% during the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock valued at $675,000 after purchasing an additional 107 shares during the period. Eagle Capital Management LLC increased its stake in Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after purchasing an additional 185 shares in the last quarter. Brighton Jones LLC raised its holdings in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Invesco QQQ during the fourth quarter worth $14,209,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $1.87 on Friday, hitting $548.09. The stock had a trading volume of 57,132,186 shares, compared to its average volume of 38,938,856. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $549.90. The company has a fifty day moving average price of $507.68 and a two-hundred day moving average price of $503.87.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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%.

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.