Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Sunbelt Securities Inc.

Sunbelt Securities Inc. boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,568 shares of the exchange traded fund's stock after acquiring an additional 2,021 shares during the period. Invesco QQQ accounts for about 1.2% of Sunbelt Securities Inc.'s portfolio, making the stock its 12th largest holding. Sunbelt Securities Inc.'s holdings in Invesco QQQ were worth $12,927,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. NWI Management LP lifted its stake in Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after buying an additional 1,868,580 shares in the last quarter. Senator Investment Group LP purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at $679,936,000. Asset Planning Services Inc. LA ADV lifted its stake in Invesco QQQ by 100,517.9% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after acquiring an additional 931,801 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after acquiring an additional 756,990 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.3%

NASDAQ QQQ opened at $548.09 on Friday. The stock has a 50-day moving average of $509.76 and a two-hundred day moving average of $504.06. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $549.99.

Invesco QQQ Cuts Dividend

The firm also recently disclosed 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 annualized dividend and a dividend 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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.