Stratos Investment Management LLC Buys 619 Shares of Invesco QQQ (NASDAQ:QQQ)

Stratos Investment Management LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 59.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,660 shares of the exchange traded fund's stock after acquiring an additional 619 shares during the period. Stratos Investment Management LLC's holdings in Invesco QQQ were worth $779,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in QQQ. Ameriprise Financial Inc. increased its position in Invesco QQQ by 20.2% in 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 buying an additional 756,990 shares during the period. Commonwealth Equity Services LLC increased its position in Invesco QQQ by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock worth $1,239,886,000 after buying an additional 52,235 shares during the period. Price T Rowe Associates Inc. MD increased its position in Invesco QQQ by 34.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock worth $1,124,614,000 after buying an additional 568,120 shares during the period. GAMMA Investing LLC increased its position in Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after buying an additional 1,868,580 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in Invesco QQQ by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock worth $629,680,000 after buying an additional 14,017 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ traded down $1.25 on Friday, reaching $554.20. 39,530,238 shares of the stock traded hands, compared to its average volume of 39,451,737. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $557.63. The stock's 50-day moving average price is $525.75 and its 200-day moving average price is $505.74.

Invesco QQQ Cuts Dividend

The company also recently disclosed 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.