McClarren Financial Advisors Inc. Buys 5,035 Shares of Invesco QQQ $QQQ

McClarren Financial Advisors Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 122.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,141 shares of the exchange traded fund’s stock after buying an additional 5,035 shares during the quarter. Invesco QQQ accounts for about 3.5% of McClarren Financial Advisors Inc.’s holdings, making the stock its 8th biggest position. McClarren Financial Advisors Inc.’s holdings in Invesco QQQ were worth $5,488,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC raised its holdings in Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after acquiring an additional 67,605,770 shares during the period. 1832 Asset Management L.P. boosted its holdings in shares of Invesco QQQ by 100.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after purchasing an additional 40,999,982 shares in the last quarter. Symphony Financial Ltd. Co. purchased a new position in shares of Invesco QQQ during the second quarter worth approximately $1,236,482,000. HRT Financial LP lifted its stake in Invesco QQQ by 118.3% in the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after purchasing an additional 1,704,600 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Invesco QQQ by 42.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after acquiring an additional 1,457,109 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $622.11 on Wednesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The firm’s 50-day moving average price is $614.97 and its two-hundred day moving average price is $585.38.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.7941 per share. The ex-dividend date is Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%.

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.