Thoroughbred Financial Services LLC Purchases 791 Shares of Invesco QQQ (NASDAQ:QQQ)

Thoroughbred Financial Services LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,637 shares of the exchange traded fund's stock after purchasing an additional 791 shares during the quarter. Invesco QQQ accounts for 1.7% of Thoroughbred Financial Services LLC's portfolio, making the stock its 7th largest position. Thoroughbred Financial Services LLC's holdings in Invesco QQQ were worth $27,027,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC lifted its holdings in shares of Invesco QQQ by 8.2% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after purchasing an additional 20 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its holdings in Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after buying an additional 20 shares during the period. Willis Johnson & Associates Inc. raised its holdings in Invesco QQQ by 2.6% during the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after buying an additional 21 shares during the period. MTM Investment Management LLC lifted its stake in Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after buying an additional 21 shares in the last quarter. Finally, Cutler Investment Counsel LLC boosted its holdings in shares of Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $564.10 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $574.63. The firm has a fifty day moving average of $545.11 and a 200-day moving average of $510.97.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was 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.

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