Lifeworks Advisors LLC Cuts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Lifeworks Advisors LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 44.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,911 shares of the exchange traded fund's stock after selling 4,676 shares during the quarter. Lifeworks Advisors LLC's holdings in Invesco QQQ were worth $2,772,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Advisor OS LLC boosted its position in shares of Invesco QQQ by 32.1% during the 1st quarter. Advisor OS LLC now owns 7,270 shares of the exchange traded fund's stock valued at $3,409,000 after acquiring an additional 1,766 shares during the last quarter. AJ Advisors LLC boosted its position in shares of Invesco QQQ by 3.7% during the 1st quarter. AJ Advisors LLC now owns 47,733 shares of the exchange traded fund's stock valued at $22,383,000 after acquiring an additional 1,713 shares during the last quarter. NorthStar Asset Management LLC NJ boosted its position in shares of Invesco QQQ by 5.6% during the 1st quarter. NorthStar Asset Management LLC NJ now owns 6,130 shares of the exchange traded fund's stock valued at $2,875,000 after acquiring an additional 324 shares during the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Invesco QQQ by 10.0% during the 1st quarter. Pinnacle Associates Ltd. now owns 188,479 shares of the exchange traded fund's stock valued at $88,381,000 after acquiring an additional 17,103 shares during the last quarter. Finally, Opes Wealth Management LLC boosted its position in shares of Invesco QQQ by 54.7% during the 1st quarter. Opes Wealth Management LLC now owns 1,522 shares of the exchange traded fund's stock valued at $714,000 after acquiring an additional 538 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.2%

Shares of QQQ stock traded up $1.20 on Thursday, hitting $565.01. 42,156,201 shares of the stock traded hands, compared to its average volume of 40,549,944. The firm's 50-day moving average price is $538.24 and its two-hundred day moving average price is $508.49. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $566.24.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis 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.