NBZ Investment Advisors LLC Buys 187 Shares of Invesco QQQ (NASDAQ:QQQ)

NBZ Investment Advisors LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,331 shares of the exchange traded fund’s stock after purchasing an additional 187 shares during the period. Invesco QQQ makes up about 0.9% of NBZ Investment Advisors LLC’s holdings, making the stock its 22nd biggest position. NBZ Investment Advisors LLC’s holdings in Invesco QQQ were worth $1,562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. Eagle Capital Management LLC boosted its position in shares of Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock valued at $31,025,000 after acquiring an additional 185 shares during the period. Brighton Jones LLC lifted its position in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the last quarter. Russell Investments Group Ltd. grew its position in Invesco QQQ by 25.0% during the 4th quarter. Russell Investments Group Ltd. now owns 2,869 shares of the exchange traded fund’s stock worth $1,467,000 after acquiring an additional 573 shares during the last quarter. Finally, Yahav Achim Ve Achayot Provident Funds Management Co Ltd. bought a new position in Invesco QQQ during the 4th quarter worth approximately $1,786,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $553.88 on Monday. The stock’s 50 day simple moving average is $544.01 and its 200 day simple moving average is $510.67. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $574.63.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.

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.