Invesco QQQ (NASDAQ:QQQ) Position Increased by Surience Private Wealth LLC

Surience Private Wealth LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 132.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,711 shares of the exchange traded fund’s stock after purchasing an additional 14,660 shares during the period. Invesco QQQ makes up approximately 12.8% of Surience Private Wealth LLC’s portfolio, making the stock its 2nd biggest holding. Surience Private Wealth LLC’s holdings in Invesco QQQ were worth $12,549,000 as of its most recent SEC filing.

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

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded down $0.78 during trading on Tuesday, hitting $494.64. The stock had a trading volume of 7,738,946 shares, compared to its average volume of 38,817,719. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The firm’s fifty day simple moving average is $478.57 and its 200-day simple moving average is $465.57.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. 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.