Invesco QQQ (NASDAQ:QQQ) Stock Holdings Decreased by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,114 shares of the exchange traded fund’s stock after selling 953 shares during the quarter. Invesco QQQ accounts for 6.1% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its biggest holding. Blue Zone Wealth Advisors LLC’s holdings in Invesco QQQ were worth $17,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Summit X LLC increased its position in shares of Invesco QQQ by 0.4% during the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after acquiring an additional 24 shares during the last quarter. IMA Wealth Inc. increased its position in shares of 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 acquiring an additional 25 shares during the last quarter. S.A. Mason LLC increased its holdings in Invesco QQQ by 1.5% in the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after buying an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC increased its holdings 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 buying an additional 25 shares during the last quarter. Finally, Cedrus LLC increased its holdings 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 buying an additional 25 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $479.11 on Monday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $487.20. The business has a 50-day moving average price of $454.85 and a 200 day moving average price of $436.77.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be issued a $0.7615 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Monday, June 24th.

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.