Invesco QQQ (NASDAQ:QQQ) Shares Sold by Lauterbach Financial Advisors LLC

Lauterbach Financial Advisors LLC lowered its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 20.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,108 shares of the exchange traded fund's stock after selling 1,324 shares during the quarter. Invesco QQQ comprises 1.5% of Lauterbach Financial Advisors LLC's investment portfolio, making the stock its 9th largest holding. Lauterbach Financial Advisors LLC's holdings in Invesco QQQ were worth $2,395,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in QQQ. Eagle Capital Management LLC increased its stake in Invesco QQQ by 0.3% in 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 during the last quarter. Brighton Jones LLC raised 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 acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC raised 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 acquiring an additional 176 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $96,000. Finally, Fortis Capital Management LLC increased its position in Invesco QQQ by 9.9% during the 4th quarter. Fortis Capital Management LLC now owns 6,717 shares of the exchange traded fund's stock valued at $3,434,000 after buying an additional 606 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.5%

Invesco QQQ stock traded down $2.92 during midday trading on Tuesday, hitting $561.25. 42,884,164 shares of the company were exchanged, compared to its average volume of 39,509,893. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $566.06. The business has a fifty day simple moving average of $534.38 and a two-hundred day simple moving average of $507.13.

Invesco QQQ Cuts Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 0.42%.

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.