Quattro Financial Advisors LLC Has $18.04 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Quattro Financial Advisors LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,468 shares of the exchange traded fund's stock after selling 1,581 shares during the period. Invesco QQQ makes up about 6.2% of Quattro Financial Advisors LLC's holdings, making the stock its 4th largest holding. Quattro Financial Advisors LLC's holdings in Invesco QQQ were worth $18,039,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in QQQ. Naviter Wealth LLC lifted its stake in Invesco QQQ by 8.8% during the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after purchasing an additional 107 shares during the last quarter. Eagle Capital Management LLC lifted its stake in Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after purchasing an additional 185 shares during the last quarter. Brighton Jones LLC lifted its stake in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after purchasing an additional 176 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Invesco QQQ by 5.6% during the fourth quarter. Assetmark Inc. now owns 28,374 shares of the exchange traded fund's stock worth $14,506,000 after purchasing an additional 1,508 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.9%

QQQ stock traded up $5.08 during mid-day trading on Friday, hitting $555.88. 26,443,524 shares of the stock were exchanged, compared to its average volume of 39,274,525. The business has a fifty day moving average price of $519.53 and a 200 day moving average price of $504.67. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $557.20.

Invesco QQQ Cuts Dividend

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

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.