Good Life Advisors LLC Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Good Life Advisors LLC lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,283 shares of the exchange traded fund's stock after acquiring an additional 809 shares during the quarter. Good Life Advisors LLC's holdings in Invesco QQQ were worth $7,167,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ during the fourth quarter worth $36,000. Roxbury Financial LLC bought a new position in Invesco QQQ in the fourth quarter valued at approximately $37,000. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $51,000. Finally, Banque Transatlantique SA acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $57,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 1.0%

QQQ traded down $5.21 during trading on Tuesday, hitting $529.08. 41,752,700 shares of the stock traded hands, compared to its average volume of 38,448,220. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The business has a 50 day moving average price of $494.94 and a 200 day moving average price of $502.90.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

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.