Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Interactive Financial Advisors Inc.

Interactive Financial Advisors Inc. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,203 shares of the exchange traded fund's stock after purchasing an additional 841 shares during the period. Invesco QQQ makes up approximately 5.0% of Interactive Financial Advisors Inc.'s portfolio, making the stock its 5th biggest holding. Interactive Financial Advisors Inc.'s holdings in Invesco QQQ were worth $9,474,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Naviter Wealth LLC increased its position in shares of Invesco QQQ by 8.8% in the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after acquiring an additional 107 shares in the last quarter. Eagle Capital Management LLC grew its holdings in Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after acquiring an additional 185 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after buying an additional 176 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its position in Invesco QQQ by 3.1% in the 4th quarter. Proficio Capital Partners LLC now owns 23,065 shares of the exchange traded fund's stock valued at $11,791,000 after purchasing an additional 687 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ traded up $3.91 during mid-day trading on Wednesday, hitting $556.25. The company's stock had a trading volume of 41,860,085 shares, compared to its average volume of 39,367,582. The firm has a 50-day moving average price of $522.66 and a 200 day moving average price of $505.17. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $557.57.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date of this dividend 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.