Canvas Wealth Advisors LLC Buys 130 Shares of Invesco QQQ (NASDAQ:QQQ)

Canvas Wealth Advisors LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 23.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 673 shares of the exchange traded fund’s stock after buying an additional 130 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in Invesco QQQ were worth $299,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its position in Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock worth $2,300,993,000 after buying an additional 756,990 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Invesco QQQ by 0.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock worth $1,593,354,000 after buying an additional 27,115 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Invesco QQQ by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock worth $1,239,886,000 after buying an additional 52,235 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Invesco QQQ by 34.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund’s stock worth $1,124,614,000 after buying an additional 568,120 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock worth $8,777,850,000 after buying an additional 1,868,580 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $548.09 on Friday. The business has a fifty day moving average of $509.76 and a 200 day moving average of $504.06. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $549.99.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%.

Invesco QQQ Company 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.