Rik Saylor Financial Inc. Purchases 516 Shares of Invesco QQQ (NASDAQ:QQQ)

Rik Saylor Financial Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,717 shares of the exchange traded fund's stock after acquiring an additional 516 shares during the quarter. Invesco QQQ comprises about 5.7% of Rik Saylor Financial Inc.'s investment portfolio, making the stock its 3rd largest position. Rik Saylor Financial Inc.'s holdings in Invesco QQQ were worth $6,432,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in 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 during the last quarter. Brighton Jones LLC boosted its holdings 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 buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings 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 buying an additional 176 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in Invesco QQQ by 3.1% during the fourth quarter. Proficio Capital Partners LLC now owns 23,065 shares of the exchange traded fund's stock worth $11,791,000 after buying an additional 687 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its holdings in Invesco QQQ by 20.0% during the fourth quarter. Great Lakes Advisors LLC now owns 3,028 shares of the exchange traded fund's stock worth $1,548,000 after buying an additional 504 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ traded down $1.25 during midday trading on Friday, reaching $554.20. 39,558,757 shares of the company were exchanged, compared to its average volume of 39,410,558. The stock's 50-day simple moving average is $525.75 and its 200 day simple moving average is $505.74. Invesco QQQ has a one year low of $402.39 and a one year high of $557.63.

Invesco QQQ Cuts Dividend

The firm 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 dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend 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.