Invesco QQQ (NASDAQ:QQQ) Shares Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 116,667 shares of the exchange traded fund's stock after acquiring an additional 2,732 shares during the period. Invesco QQQ accounts for about 1.7% of J.W. Cole Advisors Inc.'s holdings, making the stock its 7th biggest position. J.W. Cole Advisors Inc.'s holdings in Invesco QQQ were worth $54,707,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Prevail Innovative Wealth Advisors LLC raised its holdings in Invesco QQQ by 4.3% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock worth $247,000 after purchasing an additional 20 shares in the last quarter. Legacy Investment Solutions LLC lifted its stake in shares of Invesco QQQ by 8.2% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock worth $138,000 after buying an additional 20 shares during the period. Laird Norton Wetherby Wealth Management LLC grew its stake in Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after purchasing an additional 20 shares during the last quarter. Willis Johnson & Associates Inc. boosted its position in Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after buying an additional 21 shares during the last quarter. Finally, MTM Investment Management LLC boosted its holdings in shares of Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ traded down $2.43 during midday trading on Tuesday, hitting $561.74. 32,813,843 shares of the company were exchanged, compared to its average volume of 39,475,242. The company's 50 day simple moving average is $534.38 and its 200 day simple moving average is $507.13. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $566.06.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.42%. 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.