Creative Financial Designs Inc. ADV Has $8.40 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Creative Financial Designs Inc. ADV lowered its position in Invesco QQQ (NASDAQ:QQQ) by 3.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 17,917 shares of the exchange traded fund’s stock after selling 597 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Invesco QQQ were worth $8,402,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Wilkins Miller Wealth Management LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $1,018,000. Synergy Investment Management LLC bought a new stake in Invesco QQQ in the 4th quarter valued at $723,000. Grant Private Wealth Management Inc bought a new stake in Invesco QQQ in the 4th quarter valued at $815,000. Tandem Investment Partners LLC acquired a new position in Invesco QQQ in the 4th quarter worth $4,623,000. Finally, Gemsstock Ltd. increased its holdings in Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock worth $150,046,000 after purchasing an additional 213,400 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $541.16 on Thursday. The business’s 50-day moving average price is $505.63 and its two-hundred day moving average price is $503.71. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $543.31.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.44%.

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.