Balanced Rock Investment Advisors LLC Purchases New Stake in Invesco QQQ (NASDAQ:QQQ)

Balanced Rock Investment Advisors LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 532 shares of the exchange traded fund's stock, valued at approximately $249,000.Microsoft’s AI Bet Faces a Major Test This Earnings SeasonSeveral other hedge funds have also added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ during the fourth quarter worth about $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the first quarter worth about $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ during the fourth quarter worth about $57,000. Institutional investors own 44.58% of the company's stock. Invesco QQQ Trading Up 0.9%NASDAQ:QQQ opened at $574.55 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $574.77. The business's 50-day simple moving average is $549.00 and its 200-day simple moving average is $512.37. Invesco QQQ Cuts DividendStrategists Say Hold: Stocks May Beat the 'Sell in May' TrendThe firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd. About Invesco QQQ (Free Report)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.Featured StoriesFive stocks we like better than Invesco QQQTechnology Stocks Explained: Here's What to Know About TechAirbnb Beats Earnings, But the Growth Story Is Losing AltitudeCanada Bond Market Holiday: How to Invest and Trade Netflix Bulls vs. Bears: Who Wins This Pullback?Most Volatile Stocks, What Investors Need to KnowViasat: Why a Wall of Cash Has Shorts Running for CoverS&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Invesco QQQ Right Now?Before you consider Invesco QQQ, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here