Invesco QQQ (NASDAQ:QQQ) is Scott Capital Advisors LLC's 6th Largest Position

Scott Capital Advisors LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,307 shares of the exchange traded fund's stock after selling 2,060 shares during the period. Invesco QQQ accounts for about 6.8% of Scott Capital Advisors LLC's holdings, making the stock its 6th largest holding. Scott Capital Advisors LLC's holdings in Invesco QQQ were worth $22,652,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Wealth Group Ltd. increased its position in shares of Invesco QQQ by 6.9% during the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after buying an additional 102 shares during the period. Tallon Kerry Patrick purchased a new position in shares of Invesco QQQ during the 4th quarter worth approximately $4,904,000. Capital & Planning LLC grew its holdings in shares of Invesco QQQ by 5.0% during the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after acquiring an additional 229 shares during the period. Naviter Wealth LLC raised its position in shares of Invesco QQQ by 8.8% in the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after acquiring an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC lifted its stake 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 valued at $31,025,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.0%

Shares of NASDAQ QQQ traded down $0.09 during mid-day trading on Wednesday, hitting $528.99. 42,317,332 shares of the stock traded hands, compared to its average volume of 38,467,122. The stock has a fifty day moving average price of $496.20 and a 200-day moving average price of $503.08. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.