Invesco QQQ (NASDAQ:QQQ) is Fischer Investment Strategies LLC’s 3rd Largest Position

Fischer Investment Strategies LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 15.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,286 shares of the exchange traded fund’s stock after selling 3,935 shares during the period. Invesco QQQ comprises approximately 9.4% of Fischer Investment Strategies LLC’s holdings, making the stock its 3rd largest holding. Fischer Investment Strategies LLC’s holdings in Invesco QQQ were worth $10,877,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in QQQ. Goldstein Advisors LLC increased its position in shares of Invesco QQQ by 1.0% during the third quarter. Goldstein Advisors LLC now owns 9,182 shares of the exchange traded fund’s stock worth $4,481,000 after acquiring an additional 93 shares during the period. AllGen Financial Advisors Inc. grew its stake in Invesco QQQ by 2.0% in the third quarter. AllGen Financial Advisors Inc. now owns 14,599 shares of the exchange traded fund’s stock worth $7,126,000 after purchasing an additional 290 shares in the last quarter. Smith Salley Wealth Management increased its holdings in Invesco QQQ by 28.9% during the 3rd quarter. Smith Salley Wealth Management now owns 2,843 shares of the exchange traded fund’s stock worth $1,388,000 after purchasing an additional 637 shares during the period. Global Wealth Management LLC bought a new stake in Invesco QQQ during the 3rd quarter valued at $5,148,000. Finally, Benedict Financial Advisors Inc. lifted its holdings in shares of Invesco QQQ by 3.3% in the 3rd quarter. Benedict Financial Advisors Inc. now owns 5,287 shares of the exchange traded fund’s stock worth $2,580,000 after buying an additional 168 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ opened at $495.32 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The business’s fifty day simple moving average is $480.51 and its 200-day simple moving average is $466.85.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

About Invesco QQQ

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.