Adaptive Financial Consulting LLC Has $14.62 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Adaptive Financial Consulting LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,946 shares of the exchange traded fund’s stock after acquiring an additional 83 shares during the period. Invesco QQQ makes up approximately 6.0% of Adaptive Financial Consulting LLC’s holdings, making the stock its 6th biggest holding. Adaptive Financial Consulting LLC’s holdings in Invesco QQQ were worth $14,616,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of QQQ. TrinityPoint Wealth LLC increased its stake in Invesco QQQ by 2.8% in the third quarter. TrinityPoint Wealth LLC now owns 4,454 shares of the exchange traded fund’s stock worth $2,174,000 after purchasing an additional 120 shares during the period. Westfuller Advisors LLC bought a new stake in Invesco QQQ during the third quarter valued at about $2,475,000. Gilbert & Cook Inc. boosted its holdings in Invesco QQQ by 96.1% in the third quarter. Gilbert & Cook Inc. now owns 3,276 shares of the exchange traded fund’s stock worth $1,599,000 after acquiring an additional 1,605 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Invesco QQQ by 7.2% in the third quarter. Thrivent Financial for Lutherans now owns 223,289 shares of the exchange traded fund’s stock worth $108,981,000 after acquiring an additional 15,034 shares in the last quarter. Finally, Claro Advisors LLC boosted its holdings in Invesco QQQ by 6.7% in the third quarter. Claro Advisors LLC now owns 24,492 shares of the exchange traded fund’s stock worth $11,954,000 after acquiring an additional 1,534 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $496.57 on Monday. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58. The business has a 50-day moving average price of $489.33 and a 200-day moving average price of $474.83.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Monday, September 23rd.

Invesco QQQ 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.