Sequoia Financial Advisors LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 105,720 shares of the exchange traded fund's stock after acquiring an additional 5,766 shares during the period. Sequoia Financial Advisors LLC's holdings in Invesco QQQ were worth $49,574,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. Tallon Kerry Patrick purchased a new stake in Invesco QQQ during the 4th quarter worth $4,904,000. Naviter Wealth LLC grew its stake in Invesco QQQ by 8.8% in 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 in the last quarter. Eagle Capital Management LLC increased its holdings in shares of 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 valued at $31,025,000 after acquiring an additional 185 shares during the last quarter. Brighton Jones LLC raised 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 acquiring an additional 4,989 shares during the period. Finally, Revolve Wealth Partners LLC increased its position in Invesco QQQ by 3.5% in 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 period. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Price Performance
Shares of NASDAQ QQQ traded up $5.06 during midday trading on Thursday, reaching $546.22. 43,614,634 shares of the company traded hands, compared to its average volume of 38,800,639. The stock has a 50-day moving average price of $505.63 and a 200 day moving average price of $503.71. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $547.05.
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. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%.
Invesco QQQ Profile
(
Free Report)
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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