Invesco QQQ $QQQ Holdings Boosted by Greenup Street Wealth Management LLC

Greenup Street Wealth Management LLC raised its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,560 shares of the exchange traded fund’s stock after purchasing an additional 6,051 shares during the period. Invesco QQQ makes up approximately 17.9% of Greenup Street Wealth Management LLC’s holdings, making the stock its biggest position. Greenup Street Wealth Management LLC’s holdings in Invesco QQQ were worth $145,409,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Heritage Wealth Management Inc. grew its holdings in shares of Invesco QQQ by 1.1% during the 3rd quarter. Heritage Wealth Management Inc. now owns 1,328 shares of the exchange traded fund’s stock worth $983,000 after purchasing an additional 14 shares in the last quarter. CFC Planning Co LLC increased its position in shares of Invesco QQQ by 5.3% during the third quarter. CFC Planning Co LLC now owns 398 shares of the exchange traded fund’s stock valued at $294,000 after purchasing an additional 20 shares during the period. Raleigh Capital Management Inc. increased its position in shares of Invesco QQQ by 1,782.9% during the third quarter. Raleigh Capital Management Inc. now owns 2,636 shares of the exchange traded fund’s stock valued at $1,950,000 after purchasing an additional 2,496 shares during the period. International Assets Investment Management LLC increased its position in shares of Invesco QQQ by 390.3% during the third quarter. International Assets Investment Management LLC now owns 300,000 shares of the exchange traded fund’s stock valued at $221,931,000 after purchasing an additional 238,814 shares during the period. Finally, Lebenthal Global Advisors LLC acquired a new position in shares of Invesco QQQ in the third quarter valued at $233,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 3.5%

Shares of QQQ stock opened at $690.49 on Friday. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86. The stock has a fifty day moving average price of $725.00 and a 200 day moving average price of $679.01.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were issued a $0.7514 dividend. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.01 annualized dividend and a yield of 0.4%.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.