Invesco QQQ (NASDAQ:QQQ) Stock Position Lifted by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,619 shares of the exchange traded fund’s stock after purchasing an additional 6,347 shares during the period. Orion Portfolio Solutions LLC’s holdings in Invesco QQQ were worth $44,717,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. World Investment Advisors LLC raised its holdings in Invesco QQQ by 59.1% during the third quarter. World Investment Advisors LLC now owns 63,384 shares of the exchange traded fund’s stock worth $30,936,000 after purchasing an additional 23,544 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Invesco QQQ during the 3rd quarter valued at $1,429,000. Zacks Investment Management bought a new stake in shares of Invesco QQQ in the 3rd quarter worth $4,191,000. iA Global Asset Management Inc. lifted its holdings in shares of Invesco QQQ by 3.9% in the third quarter. iA Global Asset Management Inc. now owns 211,385 shares of the exchange traded fund’s stock valued at $103,171,000 after buying an additional 7,868 shares during the period. Finally, EP Wealth Advisors LLC boosted its stake in Invesco QQQ by 22.0% during the third quarter. EP Wealth Advisors LLC now owns 112,364 shares of the exchange traded fund’s stock valued at $54,841,000 after buying an additional 20,290 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.9 %

Shares of Invesco QQQ stock opened at $526.48 on Friday. Invesco QQQ has a 52 week low of $386.96 and a 52 week high of $526.72. The company’s 50-day moving average price is $498.80 and its two-hundred day moving average price is $480.87.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.51%.

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.