Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 13.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,410 shares of the exchange traded fund’s stock after acquiring an additional 170 shares during the period. Strata Wealth Advisors LLC’s holdings in Invesco QQQ were worth $661,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Prevail Innovative Wealth Advisors LLC increased its position in shares of Invesco QQQ by 4.3% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund’s stock worth $247,000 after purchasing an additional 20 shares in the last quarter. Legacy Investment Solutions LLC grew its stake in Invesco QQQ by 8.2% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund’s stock worth $138,000 after buying an additional 20 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in Invesco QQQ by 0.3% during the fourth 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 last quarter. Willis Johnson & Associates Inc. increased its holdings in shares of Invesco QQQ by 2.6% during the fourth 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 in the last quarter. Finally, MTM Investment Management LLC raised its stake in shares of 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 acquiring an additional 21 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ opened at $554.20 on Monday. Invesco QQQ has a one year low of $402.39 and a one year high of $557.63. The business’s 50 day simple moving average is $527.06 and its 200-day simple moving average is $505.58.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.

Invesco QQQ 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.