Invesco QQQ $QQQ Position Increased by Investment Partners LTD.

Investment Partners LTD. grew its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 99.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,818 shares of the exchange traded fund’s stock after acquiring an additional 3,397 shares during the period. Investment Partners LTD.’s holdings in Invesco QQQ were worth $5,044,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Cidel Asset Management Inc. boosted its position in Invesco QQQ by 18.5% during the third quarter. Cidel Asset Management Inc. now owns 545 shares of the exchange traded fund’s stock worth $403,000 after purchasing an additional 85 shares during the period. Intrua Financial LLC raised its position in shares of Invesco QQQ by 2.4% in the third quarter. Intrua Financial LLC now owns 5,026 shares of the exchange traded fund’s stock valued at $3,718,000 after purchasing an additional 117 shares during the period. Curtis Advisory Group LLC raised its position in shares of Invesco QQQ by 17.0% in the third quarter. Curtis Advisory Group LLC now owns 18,470 shares of the exchange traded fund’s stock valued at $13,664,000 after purchasing an additional 2,685 shares during the period. Gilliland Jeter Wealth Management LLC raised its position in shares of Invesco QQQ by 7.9% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 4,887 shares of the exchange traded fund’s stock valued at $3,615,000 after purchasing an additional 359 shares during the period. Finally, Americana Partners LLC lifted its stake in shares of Invesco QQQ by 0.3% during the 3rd quarter. Americana Partners LLC now owns 23,676 shares of the exchange traded fund’s stock worth $17,515,000 after buying an additional 70 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 3.5%

Shares of QQQ stock opened at $690.49 on Friday. The company has a 50-day simple moving average of $725.00 and a 200 day simple moving average of $679.01. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were given a dividend of $0.7514 per share. This represents a $3.01 annualized dividend and a yield of 0.4%. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date was Monday, September 21st.

Key Stories Impacting Invesco QQQ

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

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

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 (NASDAQ:QQQ – Free Report).

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.