Invesco QQQ (NASDAQ:QQQ) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 12.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,175,313 shares of the exchange traded fund’s stock after buying an additional 129,647 shares during the period. Invesco QQQ accounts for approximately 2.0% of Cambridge Investment Research Advisors Inc.’s investment portfolio, making the stock its 4th largest holding. Cambridge Investment Research Advisors Inc. owned approximately 0.21% of Invesco QQQ worth $434,184,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Castle Rock Wealth Management LLC increased its stake in shares of Invesco QQQ by 0.3% during the second quarter. Castle Rock Wealth Management LLC now owns 8,722 shares of the exchange traded fund’s stock valued at $3,229,000 after purchasing an additional 29 shares in the last quarter. Covenant Asset Management LLC increased its stake in shares of Invesco QQQ by 0.4% during the second quarter. Covenant Asset Management LLC now owns 7,641 shares of the exchange traded fund’s stock valued at $2,823,000 after purchasing an additional 29 shares in the last quarter. GoalVest Advisory LLC increased its stake in shares of Invesco QQQ by 19.5% during the first quarter. GoalVest Advisory LLC now owns 202 shares of the exchange traded fund’s stock valued at $65,000 after purchasing an additional 33 shares in the last quarter. Carlson Capital Management increased its stake in shares of Invesco QQQ by 1.6% during the first quarter. Carlson Capital Management now owns 2,117 shares of the exchange traded fund’s stock valued at $679,000 after purchasing an additional 34 shares in the last quarter. Finally, J. L. Bainbridge & Co. Inc. increased its stake in shares of Invesco QQQ by 1.4% during the first quarter. J. L. Bainbridge & Co. Inc. now owns 2,471 shares of the exchange traded fund’s stock valued at $793,000 after purchasing an additional 34 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded down $1.79 on Tuesday, reaching $368.87. 21,897,023 shares of the company’s stock traded hands, compared to its average volume of 53,438,078. Invesco QQQ has a 12 month low of $254.26 and a 12 month high of $387.98. The business’s 50 day simple moving average is $373.20 and its two-hundred day simple moving average is $348.47.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 19th will be paid a dividend of $0.5389 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Monday, September 18th.

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.