Invesco QQQ (NASDAQ:QQQ) Stake Boosted by Independent Family Office LLC

Independent Family Office LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 6.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,588 shares of the exchange traded fund’s stock after purchasing an additional 153 shares during the quarter. Invesco QQQ makes up 0.6% of Independent Family Office LLC’s investment portfolio, making the stock its 27th largest holding. Independent Family Office LLC’s holdings in Invesco QQQ were worth $1,243,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Invesco QQQ by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock worth $7,779,000 after acquiring an additional 832 shares during the period. Janus Henderson Group PLC acquired a new stake in Invesco QQQ in the 1st quarter worth approximately $210,000. Harbor Capital Advisors Inc. acquired a new stake in Invesco QQQ in the 2nd quarter worth approximately $269,000. Albion Financial Group UT increased its position in Invesco QQQ by 6.0% in the 2nd quarter. Albion Financial Group UT now owns 23,110 shares of the exchange traded fund’s stock worth $11,072,000 after buying an additional 1,313 shares during the period. Finally, RDA Financial Network increased its position in Invesco QQQ by 3.0% in the 2nd quarter. RDA Financial Network now owns 21,753 shares of the exchange traded fund’s stock worth $10,422,000 after buying an additional 625 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ traded down $0.78 during trading on Tuesday, hitting $514.51. The company’s stock had a trading volume of 2,375,312 shares, compared to its average volume of 37,558,957. The firm has a 50 day moving average price of $496.13 and a 200 day moving average price of $479.38. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $516.26.

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 given a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.53%. The ex-dividend date 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.