Invesco QQQ (NASDAQ:QQQ) Shares Bought by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 54.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,273 shares of the exchange traded fund's stock after buying an additional 17,995 shares during the period. Invesco QQQ accounts for approximately 0.6% of Valeo Financial Advisors LLC's holdings, making the stock its 27th biggest position. Valeo Financial Advisors LLC's holdings in Invesco QQQ were worth $24,043,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Eagle Capital Management LLC grew its position in 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 worth $31,025,000 after purchasing an additional 185 shares during the last quarter. Brighton Jones LLC grew its position in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after purchasing an additional 176 shares during the last quarter. Proficio Capital Partners LLC grew its position in Invesco QQQ by 3.1% in the 4th quarter. Proficio Capital Partners LLC now owns 23,065 shares of the exchange traded fund's stock worth $11,791,000 after purchasing an additional 687 shares during the last quarter. Finally, Amundi grew its position in Invesco QQQ by 13.0% in the 4th quarter. Amundi now owns 104,303 shares of the exchange traded fund's stock worth $53,744,000 after purchasing an additional 12,015 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded down $0.80 on Thursday, hitting $555.45. The stock had a trading volume of 33,642,600 shares, compared to its average volume of 39,403,012. Invesco QQQ has a one year low of $402.39 and a one year high of $557.63. The company's 50-day moving average is $524.27 and its two-hundred day moving average is $505.52.

Invesco QQQ Cuts Dividend

The business also recently declared 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 is Monday, June 23rd.

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.