Cambridge Investment Research Advisors Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,342,830 shares of the exchange traded fund's stock after purchasing an additional 14,017 shares during the quarter. Invesco QQQ accounts for about 2.1% of Cambridge Investment Research Advisors Inc.'s portfolio, making the stock its 3rd largest position. Cambridge Investment Research Advisors Inc. owned about 0.21% of Invesco QQQ worth $629,680,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $36,000. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $51,000. Banque Transatlantique SA acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $57,000. Finally, Perritt Capital Management Inc acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $61,000. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Stock Up 0.9%
NASDAQ:QQQ traded up $4.82 during mid-day trading on Monday, hitting $531.65. 49,844,913 shares of the company's stock were exchanged, compared to its average volume of 38,683,302. The company has a 50 day simple moving average of $502.05 and a 200-day simple moving average of $503.19. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.
Invesco QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.44%.
About Invesco QQQ
(
Free Report)
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.
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