Valeo Financial Advisors LLC Purchases 1,477 Shares of Invesco QQQ (NASDAQ:QQQ)

Valeo Financial Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,679 shares of the exchange traded fund’s stock after buying an additional 1,477 shares during the quarter. Invesco QQQ accounts for about 0.2% of Valeo Financial Advisors LLC’s investment portfolio, making the stock its 27th largest position. Valeo Financial Advisors LLC’s holdings in Invesco QQQ were worth $19,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Summit X LLC boosted its holdings in Invesco QQQ by 0.4% in the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after acquiring an additional 24 shares in the last quarter. IMA Wealth Inc. lifted its holdings in shares of Invesco QQQ by 1.3% in the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after purchasing an additional 25 shares in the last quarter. S.A. Mason LLC grew its position in Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after purchasing an additional 25 shares during the period. Lauterbach Financial Advisors LLC increased its stake in Invesco QQQ by 0.4% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 25 shares in the last quarter. Finally, Cedrus LLC raised its holdings in Invesco QQQ by 1.7% during the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.8 %

Shares of QQQ stock traded up $4.06 during trading hours on Wednesday, reaching $491.04. The company had a trading volume of 17,931,705 shares, compared to its average volume of 40,643,336. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $491.17. The business has a fifty day simple moving average of $457.35 and a 200-day simple moving average of $437.90.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be given a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 0.62%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th.

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.