Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Claro Advisors LLC

Claro Advisors LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 11.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,738 shares of the exchange traded fund’s stock after purchasing an additional 2,551 shares during the period. Invesco QQQ accounts for approximately 1.9% of Claro Advisors LLC’s holdings, making the stock its 8th largest holding. Claro Advisors LLC’s holdings in Invesco QQQ were worth $10,984,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CCG Wealth Management LLC raised its holdings in Invesco QQQ by 96.9% in the first quarter. CCG Wealth Management LLC now owns 11,188 shares of the exchange traded fund’s stock worth $4,968,000 after purchasing an additional 5,507 shares during the period. Miracle Mile Advisors LLC raised its stake in Invesco QQQ by 2.6% during the 1st quarter. Miracle Mile Advisors LLC now owns 386,635 shares of the exchange traded fund’s stock worth $171,670,000 after buying an additional 9,657 shares during the period. Kowal Investment Group LLC lifted its holdings in Invesco QQQ by 6.9% during the first quarter. Kowal Investment Group LLC now owns 1,511 shares of the exchange traded fund’s stock worth $671,000 after acquiring an additional 97 shares in the last quarter. HFG Advisors Inc. grew its stake in Invesco QQQ by 0.9% in the first quarter. HFG Advisors Inc. now owns 22,352 shares of the exchange traded fund’s stock valued at $9,924,000 after acquiring an additional 192 shares during the period. Finally, BKM Wealth Management LLC increased its holdings in shares of Invesco QQQ by 42.2% in the first quarter. BKM Wealth Management LLC now owns 9,341 shares of the exchange traded fund’s stock worth $4,147,000 after acquiring an additional 2,774 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.6 %

QQQ stock opened at $481.92 on Tuesday. The stock has a 50-day moving average price of $454.85 and a two-hundred day moving average price of $436.77. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $487.20.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be issued a dividend of $0.7615 per share. This is a boost 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 annualized dividend and a yield of 0.63%.

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.