Invesco QQQ $QQQ Stock Acquired by Pinkerton Wealth LLC

Pinkerton Wealth LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 134.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,525 shares of the exchange traded fund’s stock after purchasing an additional 7,744 shares during the period. Invesco QQQ comprises 1.6% of Pinkerton Wealth LLC’s investment portfolio, making the stock its 12th largest position. Pinkerton Wealth LLC’s holdings in Invesco QQQ were worth $10,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Virtue Capital Management LLC grew its holdings in Invesco QQQ by 64.8% in the 3rd quarter. Virtue Capital Management LLC now owns 44,570 shares of the exchange traded fund’s stock worth $32,972,000 after acquiring an additional 17,525 shares during the last quarter. DecisionMap Wealth Management LLC raised its stake in shares of Invesco QQQ by 33.7% during the third quarter. DecisionMap Wealth Management LLC now owns 757 shares of the exchange traded fund’s stock valued at $560,000 after acquiring an additional 191 shares during the last quarter. Austin Asset Management Co Inc raised its stake in shares of Invesco QQQ by 31.8% during the third quarter. Austin Asset Management Co Inc now owns 431 shares of the exchange traded fund’s stock valued at $319,000 after acquiring an additional 104 shares during the last quarter. Bell Investment Advisors Inc raised its stake in shares of Invesco QQQ by 9.0% during the third quarter. Bell Investment Advisors Inc now owns 1,293 shares of the exchange traded fund’s stock valued at $957,000 after acquiring an additional 107 shares during the last quarter. Finally, Columbia Bank purchased a new stake in shares of Invesco QQQ during the third quarter worth about $206,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $690.49 on Monday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86. The business’s 50-day moving average is $725.00 and its 200 day moving average is $679.01.

Invesco QQQ Cuts Dividend

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

Key Invesco QQQ News

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

Invesco QQQ 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.

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

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