Alta Wealth Advisors LLC Buys 2,075 Shares of Invesco QQQ (NASDAQ:QQQ)

Alta Wealth Advisors LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 31.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,634 shares of the exchange traded fund’s stock after buying an additional 2,075 shares during the period. Invesco QQQ comprises about 1.9% of Alta Wealth Advisors LLC’s holdings, making the stock its 11th largest position. Alta Wealth Advisors LLC’s holdings in Invesco QQQ were worth $3,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in shares of Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of Invesco QQQ in the 1st quarter valued at about $1,580,776,000. Commonwealth Equity Services LLC lifted its stake in shares of Invesco QQQ by 7.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock valued at $1,013,490,000 after acquiring an additional 162,691 shares during the last quarter. CHURCHILL MANAGEMENT Corp lifted its stake in shares of Invesco QQQ by 30.7% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock valued at $819,814,000 after acquiring an additional 433,317 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Invesco QQQ by 2.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,496,636 shares of the exchange traded fund’s stock valued at $664,521,000 after acquiring an additional 38,471 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 1.0 %

Shares of NASDAQ QQQ traded up $5.12 during midday trading on Friday, reaching $496.16. The company had a trading volume of 28,495,936 shares, compared to its average volume of 25,387,020. Invesco QQQ has a one year low of $342.35 and a one year high of $496.60. The firm’s fifty day moving average price is $461.28 and its 200-day moving average price is $439.25.

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 is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a yield of 0.61%.

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.