Kaye Capital Management Purchases 1,837 Shares of Invesco QQQ (NASDAQ:QQQ)

Kaye Capital Management grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,782 shares of the exchange traded fund's stock after buying an additional 1,837 shares during the quarter. Invesco QQQ comprises 7.8% of Kaye Capital Management's holdings, making the stock its 4th biggest position. Kaye Capital Management's holdings in Invesco QQQ were worth $19,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Eagle Capital Management LLC raised 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 worth $31,025,000 after purchasing an additional 185 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after acquiring an additional 176 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Invesco QQQ by 8.6% during the 4th quarter. Natixis Advisors LLC now owns 29,939 shares of the exchange traded fund's stock worth $15,306,000 after acquiring an additional 2,368 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Invesco QQQ by 6.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 18,514 shares of the exchange traded fund's stock worth $9,465,000 after purchasing an additional 1,106 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.1%

Shares of NASDAQ QQQ traded up $0.51 during mid-day trading on Tuesday, hitting $556.72. 43,060,379 shares of the company traded hands, compared to its average volume of 39,506,856. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $560.70. The business has a 50 day moving average of $528.46 and a two-hundred day moving average of $505.81.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.