Invesco QQQ (NASDAQ:QQQ) Shares Bought by CWC Advisors LLC.

CWC Advisors LLC. lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 414.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,931 shares of the exchange traded fund's stock after acquiring an additional 4,777 shares during the quarter. Invesco QQQ accounts for about 1.6% of CWC Advisors LLC.'s investment portfolio, making the stock its 20th largest holding. CWC Advisors LLC.'s holdings in Invesco QQQ were worth $2,781,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Providence First Trust Co grew its holdings in shares of Invesco QQQ by 3.0% during the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock worth $346,000 after buying an additional 20 shares during the last quarter. Diversified Enterprises LLC lifted its position in Invesco QQQ by 0.4% during the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock worth $2,679,000 after acquiring an additional 20 shares during the period. Prevail Innovative Wealth Advisors LLC grew its stake in shares of Invesco QQQ by 4.3% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock valued at $247,000 after purchasing an additional 20 shares during the last quarter. Legacy Investment Solutions LLC increased its holdings in shares of Invesco QQQ by 8.2% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after purchasing an additional 20 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC grew its position in Invesco QQQ by 0.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after buying an additional 20 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.3%

Invesco QQQ stock traded up $1.87 during trading hours on Friday, reaching $548.09. 57,440,636 shares of the stock were exchanged, compared to its average volume of 39,006,887. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $549.99. The firm's 50 day moving average is $509.76 and its 200 day moving average is $503.88.

Invesco QQQ Cuts Dividend

The firm also recently announced 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. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Monday, June 23rd.

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.