Stratos Wealth Advisors LLC Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Stratos Wealth Advisors LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 19.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,905 shares of the exchange traded fund’s stock after buying an additional 6,587 shares during the quarter. Invesco QQQ makes up 0.9% of Stratos Wealth Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Stratos Wealth Advisors LLC’s holdings in Invesco QQQ were worth $19,477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of QQQ. D. Scott Neal Inc. lifted its position in shares of Invesco QQQ by 6.5% during the 3rd quarter. D. Scott Neal Inc. now owns 54,496 shares of the exchange traded fund’s stock worth $26,634,000 after buying an additional 3,345 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Invesco QQQ by 11.2% during the third quarter. Stratos Wealth Partners LTD. now owns 216,562 shares of the exchange traded fund’s stock valued at $105,698,000 after acquiring an additional 21,850 shares during the last quarter. Pachira Investments Inc. lifted its holdings in Invesco QQQ by 13.0% during the third quarter. Pachira Investments Inc. now owns 13,986 shares of the exchange traded fund’s stock worth $6,826,000 after acquiring an additional 1,608 shares during the period. Trust Point Inc. grew its stake in Invesco QQQ by 10.0% in the 3rd quarter. Trust Point Inc. now owns 2,469 shares of the exchange traded fund’s stock valued at $1,205,000 after purchasing an additional 225 shares during the period. Finally, Stonegate Investment Group LLC increased its position in shares of Invesco QQQ by 0.4% during the 3rd quarter. Stonegate Investment Group LLC now owns 33,494 shares of the exchange traded fund’s stock valued at $16,347,000 after purchasing an additional 125 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $494.47 on Friday. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The company has a 50-day simple moving average of $477.68 and a 200 day simple moving average of $464.82.

Invesco QQQ Cuts Dividend

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

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.