Invesco QQQ (NASDAQ:QQQ) Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 11.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 216,562 shares of the exchange traded fund’s stock after buying an additional 21,850 shares during the quarter. Invesco QQQ accounts for 1.5% of Stratos Wealth Partners LTD.’s investment portfolio, making the stock its 8th largest position. Stratos Wealth Partners LTD.’s holdings in Invesco QQQ were worth $105,698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in QQQ. Ameriprise Financial Inc. increased its stake in Invesco QQQ by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after buying an additional 338,494 shares in the last quarter. Global Assets Advisory LLC purchased a new position in Invesco QQQ in the 1st quarter valued at $1,580,776,000. Steel Grove Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after buying an additional 3,102,568 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco QQQ by 1.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock valued at $1,532,904,000 after buying an additional 33,790 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted its stake in shares of Invesco QQQ by 18,691.3% in the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after buying an additional 2,762,571 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

Shares of NASDAQ QQQ opened at $494.47 on Friday. The company has a 50-day moving average of $477.68 and a 200 day moving average of $464.82. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend 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.