Invesco QQQ (NASDAQ:QQQ) Position Increased by Family Capital Management Inc.

Family Capital Management Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,905 shares of the exchange traded fund’s stock after buying an additional 306 shares during the quarter. Invesco QQQ accounts for approximately 10.7% of Family Capital Management Inc.’s holdings, making the stock its biggest holding. Family Capital Management Inc.’s holdings in Invesco QQQ were worth $16,548,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. International Assets Investment Management LLC boosted its stake in shares of Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after buying an additional 2,762,571 shares during the period. Granite Bay Wealth Management LLC lifted its stake in shares of Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after buying an additional 894,532 shares during the period. Mirae Asset Securities USA Inc. acquired a new stake in Invesco QQQ during the second quarter worth approximately $215,600,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in Invesco QQQ by 6,880.6% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 395,588 shares of the exchange traded fund’s stock worth $189,530,000 after acquiring an additional 389,921 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $505.79 on Friday. Invesco QQQ has a fifty-two week low of $382.66 and a fifty-two week high of $515.58. The business’s fifty day moving average is $493.08 and its two-hundred day moving average is $476.93.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

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.