Stratos Wealth Advisors LLC Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Stratos Wealth Advisors LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. 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 makes up about 0.9% of Stratos Wealth Advisors LLC's portfolio, making the stock its 19th largest holding. Stratos Wealth Advisors LLC's holdings in Invesco QQQ were worth $17,186,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of QQQ. Ameriprise Financial Inc. boosted its holdings in shares of Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Invesco QQQ by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock worth $1,239,886,000 after purchasing an additional 52,235 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Invesco QQQ by 34.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock worth $1,124,614,000 after purchasing an additional 568,120 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Invesco QQQ by 1.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock valued at $629,680,000 after buying an additional 14,017 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.2%

Shares of QQQ stock traded down $1.25 during trading on Friday, hitting $554.20. 39,558,757 shares of the stock traded hands, compared to its average volume of 39,410,558. The firm's fifty day moving average price is $527.06 and its 200-day moving average price is $505.91. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $557.63.

Invesco QQQ Cuts Dividend

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

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.