CBIZ Investment Advisory Services LLC Acquires 13,729 Shares of Invesco QQQ (NASDAQ:QQQ)

CBIZ Investment Advisory Services LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 409,205 shares of the exchange traded fund's stock after purchasing an additional 13,729 shares during the period. Invesco QQQ makes up 55.4% of CBIZ Investment Advisory Services LLC's investment portfolio, making the stock its largest holding. CBIZ Investment Advisory Services LLC owned approximately 0.07% of Invesco QQQ worth $191,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $36,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the 1st quarter valued at approximately $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ in the 1st quarter valued at approximately $51,000. Finally, Banque Transatlantique SA purchased a new position in Invesco QQQ during the 4th quarter worth approximately $57,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.0%

Shares of NASDAQ QQQ traded up $0.25 during trading on Wednesday, hitting $561.50. 20,160,826 shares of the company were exchanged, compared to its average volume of 39,437,955. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $566.06. The company has a fifty day moving average price of $534.38 and a 200-day moving average price of $507.13.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.42%.

Invesco QQQ Profile

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.