Guardian Capital Advisors LP Has $277,000 Holdings in Invesco QQQ (NASDAQ:QQQ)

Guardian Capital Advisors LP lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 10.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 650 shares of the exchange traded fund’s stock after selling 75 shares during the quarter. Guardian Capital Advisors LP’s holdings in Invesco QQQ were worth $277,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deane Retirement Strategies Inc. acquired a new position in Invesco QQQ during the first quarter worth about $29,000. Legacy Bridge LLC raised its stake in Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new position in Invesco QQQ during the fourth quarter worth about $35,000. Red Tortoise LLC raised its stake in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 74 shares in the last quarter. Finally, Robinson Capital Management LLC acquired a new position in Invesco QQQ during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.0 %

NASDAQ QQQ traded up $4.70 during trading on Friday, hitting $462.97. 39,992,132 shares of the company’s stock were exchanged, compared to its average volume of 34,120,704. The stock’s 50 day moving average price is $474.69 and its two-hundred day moving average price is $447.69. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders 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. This represents a $3.05 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, June 24th.

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.