Invesco QQQ $QQQ Stock: Prosperitas Financial LLC Lowers Position

Prosperitas Financial LLC reduced its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,023 shares of the exchange traded fund’s stock after selling 1,494 shares during the period. Invesco QQQ comprises about 3.2% of Prosperitas Financial LLC’s holdings, making the stock its 12th largest position. Prosperitas Financial LLC’s holdings in Invesco QQQ were worth $10,374,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of Invesco QQQ by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund’s stock valued at $2,237,606,000 after buying an additional 30,083 shares in the last quarter. Analyst IMS Investment Management Services Ltd. grew its position in Invesco QQQ by 0.3% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund’s stock worth $1,316,358,000 after acquiring an additional 4,751 shares in the last quarter. HighTower Advisors LLC grew its position in Invesco QQQ by 3.1% in the second quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund’s stock worth $906,272,000 after acquiring an additional 36,923 shares in the last quarter. GoalVest Advisory LLC increased its stake in shares of Invesco QQQ by 20,256.6% during the 3rd quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock worth $454,185,000 after purchasing an additional 610,939 shares during the last quarter. Finally, Corient Private Wealth LP raised its holdings in shares of Invesco QQQ by 506.8% during the 2nd quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund’s stock valued at $401,553,000 after purchasing an additional 455,412 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ News Roundup

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

Invesco QQQ Stock Down 3.5%

QQQ stock opened at $690.49 on Friday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86. The company has a fifty day simple moving average of $725.00 and a 200 day simple moving average of $679.01.

Invesco QQQ Cuts Dividend

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

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.

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

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