Stratos Wealth Advisors LLC Buys 1,993 Shares of Invesco QQQ (NASDAQ:QQQ)

Stratos Wealth Advisors LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,649 shares of the exchange traded fund's stock after acquiring an additional 1,993 shares during the period. Invesco QQQ accounts for about 0.9% of Stratos Wealth Advisors LLC's investment portfolio, making the stock its 19th largest holding. Stratos Wealth Advisors LLC's holdings in Invesco QQQ were worth $17,186,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of QQQ. Diversified Enterprises LLC raised its stake in Invesco QQQ by 0.4% during the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock valued at $2,679,000 after purchasing an additional 20 shares in the last quarter. Prevail Innovative Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 4.3% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock valued at $247,000 after acquiring an additional 20 shares during the period. Legacy Investment Solutions LLC raised its stake in shares of Invesco QQQ by 8.2% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after acquiring an additional 20 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its stake in shares of Invesco QQQ by 0.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after acquiring an additional 20 shares during the period. Finally, Willis Johnson & Associates Inc. raised its stake in shares of Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after acquiring an additional 21 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.1%

Shares of QQQ traded down $0.80 during midday trading on Thursday, hitting $555.45. The stock had a trading volume of 33,642,600 shares, compared to its average volume of 44,982,184. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.63. The stock's 50 day moving average is $524.27 and its 200 day moving average is $505.52.

Invesco QQQ Cuts Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, June 23rd.

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.