Invesco QQQ (NASDAQ:QQQ) Stock Position Lifted by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 26.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 218,510 shares of the exchange traded fund’s stock after purchasing an additional 45,036 shares during the period. Invesco QQQ comprises approximately 1.1% of Steward Partners Investment Advisory LLC’s holdings, making the stock its 9th largest position. Steward Partners Investment Advisory LLC’s holdings in Invesco QQQ were worth $70,126,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Barrett & Company Inc. acquired a new stake in shares of Invesco QQQ in the first quarter worth $26,000. Cascade Investment Advisors Inc. acquired a new position in Invesco QQQ during the 1st quarter valued at $28,000. Elequin Securities LLC acquired a new position in Invesco QQQ during the 1st quarter valued at $47,000. Clear Investment Research LLC raised its stake in Invesco QQQ by 71.7% during the 1st quarter. Clear Investment Research LLC now owns 158 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 66 shares during the last quarter. Finally, Bbjs Financial Advisors LLC acquired a new position in Invesco QQQ during the 4th quarter valued at $55,000. 43.95% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ traded down $1.77 during trading hours on Tuesday, hitting $375.20. 22,630,155 shares of the company traded hands, compared to its average volume of 53,585,266. Invesco QQQ has a twelve month low of $254.26 and a twelve month high of $387.98. The firm has a 50-day moving average of $372.78 and a 200 day moving average of $347.11.

Invesco QQQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Wednesday, June 21st were paid a $0.504 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Tuesday, June 20th.

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.