Cambridge Investment Research Advisors Inc. Has $597.15 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Cambridge Investment Research Advisors Inc. raised its position in Invesco QQQ (NASDAQ:QQQ) by 15.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,458,165 shares of the exchange traded fund’s stock after purchasing an additional 194,381 shares during the quarter. Invesco QQQ accounts for 2.5% of Cambridge Investment Research Advisors Inc.’s investment portfolio, making the stock its 3rd largest holding. Cambridge Investment Research Advisors Inc.’s holdings in Invesco QQQ were worth $597,148,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Summit X LLC raised its stake in shares of Invesco QQQ by 0.4% in the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after buying an additional 24 shares during the period. IMA Wealth Inc. grew its position in shares of Invesco QQQ by 1.3% during the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after purchasing an additional 25 shares in the last quarter. S.A. Mason LLC increased its stake in Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after acquiring an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC boosted its position in shares of Invesco QQQ by 0.4% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after acquiring an additional 25 shares during the last quarter. Finally, Cedrus LLC grew its holdings in shares of Invesco QQQ by 1.7% during the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after purchasing an additional 25 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.5 %

Invesco QQQ stock traded down $2.12 during mid-day trading on Thursday, hitting $453.59. 27,191,366 shares of the company traded hands, compared to its average volume of 43,535,844. Invesco QQQ has a one year low of $329.56 and a one year high of $460.58. The stock has a fifty day moving average price of $438.48 and a 200-day moving average price of $420.84.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, March 18th.

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.