Boulder Wealth Advisors LLC Grows Stake in Invesco QQQ (NASDAQ:QQQ)

Boulder Wealth Advisors LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 13.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 463 shares of the exchange traded fund’s stock after purchasing an additional 55 shares during the quarter. Invesco QQQ makes up 0.1% of Boulder Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Boulder Wealth Advisors LLC’s holdings in Invesco QQQ were worth $217,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Naviter Wealth LLC increased its position in Invesco QQQ by 8.8% during the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund’s stock worth $675,000 after buying an additional 107 shares in the last quarter. Eagle Capital Management LLC lifted its position in shares of Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock valued at $31,025,000 after acquiring an additional 185 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Invesco QQQ by 3.5% during 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Invesco QQQ by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 92,759 shares of the exchange traded fund’s stock worth $47,421,000 after purchasing an additional 7,295 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $550.80 on Thursday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $553.18. The company’s 50-day moving average is $516.09 and its two-hundred day moving average is $504.49.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given 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.