Leisure Capital Management Buys 125 Shares of Invesco QQQ (NASDAQ:QQQ)

Leisure Capital Management boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 12.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,118 shares of the exchange traded fund’s stock after purchasing an additional 125 shares during the period. Leisure Capital Management’s holdings in Invesco QQQ were worth $546,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sentinel Pension Advisors Inc. boosted its holdings in shares of Invesco QQQ by 8.3% in the third quarter. Sentinel Pension Advisors Inc. now owns 2,900 shares of the exchange traded fund’s stock worth $1,415,000 after buying an additional 222 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of Invesco QQQ by 4.7% in the third quarter. SeaCrest Wealth Management LLC now owns 27,981 shares of the exchange traded fund’s stock worth $13,657,000 after acquiring an additional 1,246 shares during the period. Stage Harbor Financial LLC purchased a new stake in shares of Invesco QQQ during the third quarter worth about $211,000. Safeguard Financial LLC raised its stake in Invesco QQQ by 24.8% during the 3rd quarter. Safeguard Financial LLC now owns 3,237 shares of the exchange traded fund’s stock valued at $1,580,000 after purchasing an additional 644 shares during the period. Finally, Tsfg LLC lifted its holdings in Invesco QQQ by 15.1% in the 3rd quarter. Tsfg LLC now owns 15,308 shares of the exchange traded fund’s stock worth $7,472,000 after purchasing an additional 2,012 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

QQQ stock traded down $0.76 during midday trading on Wednesday, hitting $490.09. The company’s stock had a trading volume of 10,326,113 shares, compared to its average volume of 39,075,438. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The company has a 50 day moving average of $474.82 and a two-hundred day moving average of $464.10.

Invesco QQQ Cuts Dividend

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

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.