Cantor Fitzgerald Investment Advisors L.P. Buys 17,120 Shares of Invesco QQQ (NASDAQ:QQQ)

Cantor Fitzgerald Investment Advisors L.P. boosted its position in Invesco QQQ (NASDAQ:QQQ) by 27.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,547 shares of the exchange traded fund’s stock after buying an additional 17,120 shares during the quarter. Invesco QQQ makes up about 2.6% of Cantor Fitzgerald Investment Advisors L.P.’s holdings, making the stock its 5th biggest position. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Invesco QQQ were worth $38,337,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Prospect Financial Services LLC lifted its holdings in shares of Invesco QQQ by 0.3% during the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after acquiring an additional 21 shares during the period. Skyline Advisors Inc. raised its position in Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after purchasing an additional 21 shares in the last quarter. Sweeney & Michel LLC lifted its stake in Invesco QQQ by 4.0% during the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 22 shares during the period. Family Firm Inc. boosted its holdings in Invesco QQQ by 3.1% during the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 22 shares in the last quarter. Finally, MPS Loria Financial Planners LLC grew its stake in shares of Invesco QQQ by 0.8% in the 3rd quarter. MPS Loria Financial Planners LLC now owns 2,656 shares of the exchange traded fund’s stock valued at $1,297,000 after purchasing an additional 22 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.0 %

Shares of Invesco QQQ stock opened at $495.40 on Tuesday. Invesco QQQ has a 12-month low of $346.45 and a 12-month high of $503.52. The company has a 50-day simple moving average of $480.79 and a 200 day simple moving average of $467.41.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company Profile

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.