Invesco QQQ (NASDAQ:QQQ) is Stratos Wealth Partners LTD.'s 9th Largest Position

Stratos Wealth Partners LTD. reduced its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,041 shares of the exchange traded fund's stock after selling 20,745 shares during the period. Invesco QQQ accounts for approximately 1.4% of Stratos Wealth Partners LTD.'s portfolio, making the stock its 9th largest position. Stratos Wealth Partners LTD.'s holdings in Invesco QQQ were worth $91,928,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ during the first quarter worth about $51,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $57,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.8%

Invesco QQQ stock opened at $552.03 on Tuesday. The firm has a 50-day moving average of $521.12 and a 200-day moving average of $504.84. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.20.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 yield of 0.43%. The ex-dividend date is Monday, June 23rd.

About Invesco QQQ

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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