Intersect Capital LLC increased its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 109.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,030 shares of the exchange traded fund’s stock after purchasing an additional 3,153 shares during the period. Intersect Capital LLC’s holdings in Invesco QQQ Trust were worth $1,120,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in QQQ. Nwam LLC raised its position in shares of Invesco QQQ Trust by 34.4% during the 2nd quarter. Nwam LLC now owns 55,819 shares of the exchange traded fund’s stock valued at $9,581,000 after purchasing an additional 14,287 shares during the period. Global Trust Asset Management LLC raised its position in shares of Invesco QQQ Trust by 12.3% during the 2nd quarter. Global Trust Asset Management LLC now owns 35,812 shares of the exchange traded fund’s stock valued at $6,147,000 after purchasing an additional 3,930 shares during the period. Mycio Wealth Partners LLC raised its position in shares of Invesco QQQ Trust by 107.5% during the 2nd quarter. Mycio Wealth Partners LLC now owns 18,590 shares of the exchange traded fund’s stock valued at $3,191,000 after purchasing an additional 9,629 shares during the period. Professional Planning bought a new stake in shares of Invesco QQQ Trust during the 2nd quarter valued at $6,723,000. Finally, David R. Rahn & Associates Inc. raised its position in shares of Invesco QQQ Trust by 8.2% during the 2nd quarter. David R. Rahn & Associates Inc. now owns 40,736 shares of the exchange traded fund’s stock valued at $6,992,000 after purchasing an additional 3,092 shares during the period. Hedge funds and other institutional investors own 39.98% of the company’s stock.

Shares of NASDAQ QQQ opened at $164.52 on Thursday. Invesco QQQ Trust has a 52-week low of $150.13 and a 52-week high of $187.53.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Tuesday, September 25th were issued a $0.3298 dividend. The ex-dividend date was Monday, September 24th. This represents a $1.32 dividend on an annualized basis and a yield of 0.80%.

Separately, Bank of America downgraded shares of Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research report on Monday, November 5th.

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Invesco QQQ Trust 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.

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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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