Invesco QQQ (NASDAQ:QQQ) Stock Holdings Increased by Roundview Capital LLC

Roundview Capital LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,514 shares of the exchange traded fund's stock after purchasing an additional 598 shares during the period. Invesco QQQ accounts for 1.9% of Roundview Capital LLC's investment portfolio, making the stock its 11th biggest position. Roundview Capital LLC's holdings in Invesco QQQ were worth $26,032,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Advisors Preferred LLC grew its position in shares of Invesco QQQ by 4.0% in the first quarter. Advisors Preferred LLC now owns 9,274 shares of the exchange traded fund's stock valued at $4,384,000 after purchasing an additional 356 shares during the period. Efficient Advisors LLC acquired a new position in Invesco QQQ in the first quarter valued at $476,000. WorthPointe LLC boosted its holdings in Invesco QQQ by 5.1% in the first quarter. WorthPointe LLC now owns 2,125 shares of the exchange traded fund's stock valued at $996,000 after acquiring an additional 103 shares during the last quarter. Madden Advisory Services Inc. boosted its holdings in Invesco QQQ by 2.5% in the first quarter. Madden Advisory Services Inc. now owns 2,934 shares of the exchange traded fund's stock valued at $1,376,000 after acquiring an additional 72 shares during the last quarter. Finally, Accredited Investors Inc. boosted its holdings in Invesco QQQ by 3.1% in the first quarter. Accredited Investors Inc. now owns 4,547 shares of the exchange traded fund's stock valued at $2,132,000 after acquiring an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.2%

Shares of QQQ traded up $1.36 during midday trading on Friday, reaching $566.37. 30,579,821 shares of the company were exchanged, compared to its average volume of 40,473,144. The stock has a 50-day moving average price of $539.14 and a 200-day moving average price of $508.84. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $567.70.

Invesco QQQ Cuts Dividend

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