Pure Financial Advisors LLC Purchases 255 Shares of Invesco QQQ (NASDAQ:QQQ)

Pure Financial Advisors LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,584 shares of the exchange traded fund’s stock after purchasing an additional 255 shares during the quarter. Pure Financial Advisors LLC’s holdings in Invesco QQQ were worth $7,308,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of QQQ. Providence First Trust Co raised its holdings in shares of Invesco QQQ by 3.0% in the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund’s stock worth $346,000 after acquiring an additional 20 shares during the last quarter. Diversified Enterprises LLC raised its stake in shares of Invesco QQQ by 0.4% in the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock worth $2,679,000 after purchasing an additional 20 shares during the last quarter. Prevail Innovative Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 4.3% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund’s stock worth $247,000 after purchasing an additional 20 shares during the last quarter. Legacy Investment Solutions LLC lifted its holdings in shares of Invesco QQQ by 8.2% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund’s stock valued at $138,000 after purchasing an additional 20 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its position in shares of Invesco QQQ by 0.3% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund’s stock valued at $3,080,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.3%

Shares of Invesco QQQ stock opened at $541.16 on Thursday. The stock has a fifty day simple moving average of $505.63 and a 200 day simple moving average of $503.71. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $543.31.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Monday, June 23rd.

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.