Invesco QQQ (NASDAQ:QQQ) Holdings Increased by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,011 shares of the exchange traded fund’s stock after buying an additional 1,324 shares during the period. Invesco QQQ comprises approximately 8.5% of Trifecta Capital Advisors LLC’s holdings, making the stock its biggest holding. Trifecta Capital Advisors LLC’s holdings in Invesco QQQ were worth $35,082,000 at the end of the most recent quarter.

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

Invesco QQQ Stock Down 0.5 %

Shares of Invesco QQQ stock traded down $2.50 during trading on Friday, hitting $479.11. 34,881,581 shares of the stock were exchanged, compared to its average volume of 28,583,126. The company has a fifty day moving average price of $454.85 and a 200-day moving average price of $436.27. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $487.20.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be given a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.