Elevated Capital Advisors LLC Sells 157 Shares of Invesco QQQ (NASDAQ:QQQ)

Elevated Capital Advisors LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,755 shares of the exchange traded fund’s stock after selling 157 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Invesco QQQ were worth $2,230,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Providence First Trust Co boosted its stake in shares of Invesco QQQ by 3.0% in the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund’s stock valued at $346,000 after purchasing an additional 20 shares in the last quarter. Diversified Enterprises LLC boosted its stake in shares of Invesco QQQ by 0.4% in the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock valued at $2,679,000 after purchasing an additional 20 shares in the last quarter. Prevail Innovative Wealth Advisors LLC boosted its stake in shares of Invesco QQQ by 4.3% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund’s stock valued at $247,000 after purchasing an additional 20 shares in the last quarter. Legacy Investment Solutions LLC boosted its stake in shares of Invesco QQQ by 8.2% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund’s stock valued at $138,000 after purchasing an additional 20 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of Invesco QQQ by 0.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund’s stock valued at $3,080,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.3%

NASDAQ:QQQ opened at $548.09 on Friday. The firm’s 50 day simple moving average is $509.76 and its 200 day simple moving average is $504.06. Invesco QQQ has a one year low of $402.39 and a one year high of $549.99.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.

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.