Invesco QQQ (NASDAQ:QQQ) Shares Bought by Summit Wealth Partners LLC

Summit Wealth Partners LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,302 shares of the exchange traded fund's stock after purchasing an additional 1,053 shares during the period. Invesco QQQ makes up approximately 3.6% of Summit Wealth Partners LLC's portfolio, making the stock its 6th biggest holding. Summit Wealth Partners LLC's holdings in Invesco QQQ were worth $17,961,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Eagle Capital Management LLC boosted its holdings 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 buying an additional 185 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after acquiring an additional 4,989 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of 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 valued at $2,687,000 after acquiring an additional 176 shares during the period. Interchange Capital Partners LLC raised its holdings in shares of Invesco QQQ by 284.3% during the fourth quarter. Interchange Capital Partners LLC now owns 586 shares of the exchange traded fund's stock valued at $299,000 after acquiring an additional 904 shares during the period. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $253,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.2%

Shares of QQQ stock traded up $1.36 during trading hours on Friday, reaching $566.37. 30,579,821 shares of the stock traded hands, compared to its average volume of 40,473,144. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $567.70. The business has a fifty day moving average price of $539.14 and a 200 day moving average price of $508.84.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Monday, June 23rd.

Invesco QQQ Company 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.