Stratos Wealth Advisors LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,649 shares of the exchange traded fund's stock after acquiring an additional 1,993 shares during the quarter. Invesco QQQ makes up approximately 0.9% of Stratos Wealth Advisors LLC's investment portfolio, making the stock its 19th largest position. Stratos Wealth Advisors LLC's holdings in Invesco QQQ were worth $17,186,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the fourth quarter valued at $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the 1st quarter worth $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the 1st quarter worth $51,000. Finally, Banque Transatlantique SA acquired a new position in Invesco QQQ during the 4th quarter worth about $57,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of Invesco QQQ stock traded up $3.91 during midday trading on Wednesday, reaching $556.25. The company had a trading volume of 42,940,948 shares, compared to its average volume of 39,424,508. The stock has a fifty day moving average price of $522.66 and a 200 day moving average price of $505.17. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $557.57.
Invesco QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.
Invesco QQQ Profile
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Free Report)
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.
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