Consolidated Portfolio Review Corp Has $3.11 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Consolidated Portfolio Review Corp lowered its position in Invesco QQQ (NASDAQ:QQQ) by 3.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,627 shares of the exchange traded fund’s stock after selling 238 shares during the period. Consolidated Portfolio Review Corp’s holdings in Invesco QQQ were worth $3,108,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FORM Wealth Advisors LLC bought a new position in Invesco QQQ during the first quarter valued at about $33,302,000. GHP Investment Advisors Inc. increased its holdings in shares of Invesco QQQ by 1.1% during the 1st quarter. GHP Investment Advisors Inc. now owns 3,270 shares of the exchange traded fund’s stock valued at $1,533,000 after acquiring an additional 37 shares during the last quarter. Narwhal Capital Management raised its stake in shares of Invesco QQQ by 23.1% in the 1st quarter. Narwhal Capital Management now owns 12,222 shares of the exchange traded fund’s stock valued at $5,731,000 after acquiring an additional 2,293 shares in the last quarter. Chapin Davis Inc. lifted its holdings in Invesco QQQ by 51.5% in the 1st quarter. Chapin Davis Inc. now owns 4,398 shares of the exchange traded fund’s stock worth $2,062,000 after purchasing an additional 1,495 shares during the last quarter. Finally, Post Resch Tallon Group Inc. lifted its holdings in Invesco QQQ by 3.9% in the 1st quarter. Post Resch Tallon Group Inc. now owns 9,987 shares of the exchange traded fund’s stock worth $4,674,000 after purchasing an additional 376 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.9%

Shares of QQQ stock opened at $531.65 on Tuesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The business’s 50 day moving average is $502.05 and its two-hundred day moving average is $503.19.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Monday, June 23rd.

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.