Invesco QQQ (NASDAQ:QQQ) is Round Rock Advisors LLC's 3rd Largest Position

Round Rock Advisors LLC grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,312 shares of the exchange traded fund's stock after purchasing an additional 8,376 shares during the period. Invesco QQQ makes up about 6.7% of Round Rock Advisors LLC's portfolio, making the stock its 3rd biggest position. Round Rock Advisors LLC's holdings in Invesco QQQ were worth $36,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $36,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ during the 1st quarter worth $51,000. Finally, Banque Transatlantique SA purchased a new position in shares of Invesco QQQ in the 4th quarter valued at $57,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.1%

Shares of NASDAQ:QQQ traded down $0.80 on Thursday, reaching $555.45. The company had a trading volume of 34,532,031 shares, compared to its average volume of 39,450,524. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $557.63. The firm's 50 day simple moving average is $524.27 and its 200-day simple moving average is $505.52.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. 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 0.43%.

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.