Invesco QQQ (NASDAQ:QQQ) Stake Raised by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,034 shares of the exchange traded fund’s stock after buying an additional 1,024 shares during the period. Invesco QQQ accounts for 8.3% of Trifecta Capital Advisors LLC’s investment portfolio, making the stock its biggest position. Trifecta Capital Advisors LLC’s holdings in Invesco QQQ were worth $39,550,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in QQQ. Global Assets Advisory LLC acquired a new stake in shares of Invesco QQQ during the first quarter worth $1,580,776,000. Steel Grove Capital Advisors LLC boosted its stake in Invesco QQQ by 934.0% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after buying an additional 3,102,568 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in Invesco QQQ by 18,691.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after buying an additional 2,762,571 shares during the period. Granite Bay Wealth Management LLC increased its stake in shares of Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after acquiring an additional 894,532 shares during the last quarter. Finally, Harvard Management Co. Inc. acquired a new position in shares of Invesco QQQ during the 1st quarter valued at about $304,591,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ opened at $491.25 on Friday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The company’s 50 day simple moving average is $476.80 and its 200 day simple moving average is $464.48.

Invesco QQQ Cuts Dividend

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

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.