Valeo Financial Advisors LLC Acquires 2,199 Shares of Invesco QQQ (NASDAQ:QQQ)

Valeo Financial Advisors LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,520 shares of the exchange traded fund’s stock after buying an additional 2,199 shares during the quarter. Invesco QQQ comprises 0.6% of Valeo Financial Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Valeo Financial Advisors LLC’s holdings in Invesco QQQ were worth $23,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Fiduciary Financial Group LLC lifted its position in shares of Invesco QQQ by 9.2% during the third quarter. Fiduciary Financial Group LLC now owns 11,575 shares of the exchange traded fund’s stock worth $5,664,000 after acquiring an additional 977 shares in the last quarter. LongView Wealth Management lifted its holdings in Invesco QQQ by 3.3% during the 3rd quarter. LongView Wealth Management now owns 10,497 shares of the exchange traded fund’s stock worth $5,123,000 after purchasing an additional 336 shares in the last quarter. Walker Financial Services Inc. grew its holdings in Invesco QQQ by 3.5% during the 3rd quarter. Walker Financial Services Inc. now owns 4,901 shares of the exchange traded fund’s stock valued at $2,392,000 after buying an additional 166 shares in the last quarter. Pacific Sun Financial Corp increased its position in shares of Invesco QQQ by 0.7% during the third quarter. Pacific Sun Financial Corp now owns 5,711 shares of the exchange traded fund’s stock valued at $2,787,000 after buying an additional 40 shares during the period. Finally, Nvest Financial LLC lifted its holdings in shares of Invesco QQQ by 1.8% in the third quarter. Nvest Financial LLC now owns 5,474 shares of the exchange traded fund’s stock worth $2,672,000 after buying an additional 98 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.2 %

NASDAQ QQQ opened at $493.36 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 $472.55 and its two-hundred day simple moving average is $463.13.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be given 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%.

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.