Invesco QQQ $QQQ Shares Purchased by First Heartland Consultants Inc.

First Heartland Consultants Inc. grew its position in Invesco QQQ (NASDAQ:QQQFree Report) by 25.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,545 shares of the exchange traded fund’s stock after purchasing an additional 14,192 shares during the period. Invesco QQQ makes up approximately 3.4% of First Heartland Consultants Inc.’s holdings, making the stock its 3rd biggest position. First Heartland Consultants Inc.’s holdings in Invesco QQQ were worth $42,353,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Securities Inc. raised its stake in shares of Invesco QQQ by 2.6% during the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after purchasing an additional 2,822 shares in the last quarter. SK Wealth Management LLC acquired a new position in Invesco QQQ during the 3rd quarter valued at about $803,000. Great Point Wealth Advisors LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter worth about $507,000. Strengthening Families & Communities LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter worth about $10,771,000. Finally, Coyle Financial Counsel LLC lifted its stake in shares of Invesco QQQ by 4.9% in the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock worth $26,091,000 after acquiring an additional 2,035 shares during the period. Institutional investors own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $601.41 on Tuesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The stock’s 50 day moving average price is $616.22 and its 200 day moving average price is $605.73.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a dividend of $0.7941 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%.

Invesco QQQ Company Profile

(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.

Read More

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

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.