NorthRock Partners LLC Buys 283,909 Shares of Invesco QQQ $QQQ

NorthRock Partners LLC raised its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 1,355.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 304,852 shares of the exchange traded fund’s stock after acquiring an additional 283,909 shares during the quarter. Invesco QQQ comprises 3.3% of NorthRock Partners LLC’s holdings, making the stock its 10th largest position. NorthRock Partners LLC’s holdings in Invesco QQQ were worth $183,024,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of QQQ. Goodman Advisory Group LLC acquired a new position in shares of Invesco QQQ in the third quarter valued at approximately $25,000. Navigoe LLC increased its stake in shares of Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 45 shares during the period. PayPay Securities Corp lifted its holdings in Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Invesco QQQ during the 3rd quarter worth approximately $42,000. Finally, Accent Capital Management LLC boosted its stake in Invesco QQQ by 43.1% in the 3rd quarter. Accent Capital Management LLC now owns 83 shares of the exchange traded fund’s stock valued at $50,000 after purchasing an additional 25 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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Invesco QQQ Stock Down 0.6%

Shares of NASDAQ QQQ opened at $593.72 on Friday. The stock’s fifty day moving average price is $613.26 and its two-hundred day moving average price is $608.43. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a $0.7941 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is a boost 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%.

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.

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

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