Invesco QQQ $QQQ Stock Sold by Prosperitas Financial LLC

Prosperitas Financial LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 9.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 14,023 shares of the exchange traded fund’s stock after selling 1,494 shares during the quarter. Invesco QQQ comprises 3.2% of Prosperitas Financial LLC’s holdings, making the stock its 12th biggest position. Prosperitas Financial LLC’s holdings in Invesco QQQ were worth $10,374,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lebenthal Global Advisors LLC acquired a new stake in shares of Invesco QQQ in the third quarter valued at about $233,000. Canopy Partners LLC increased its stake in shares of Invesco QQQ by 28.6% in the third quarter. Canopy Partners LLC now owns 943 shares of the exchange traded fund’s stock worth $698,000 after purchasing an additional 210 shares during the period. Brian Low Financial Group LLC bought a new position in shares of Invesco QQQ in the third quarter worth about $342,000. Rubicon Global Capital Ltd acquired a new position in shares of Invesco QQQ during the 3rd quarter worth about $5,008,000. Finally, Partners Wealth Management LLC lifted its position in shares of Invesco QQQ by 1,009.1% during the 3rd quarter. Partners Wealth Management LLC now owns 20,884 shares of the exchange traded fund’s stock worth $15,465,000 after purchasing an additional 19,001 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $690.49 on Friday. The business has a 50 day moving average price of $725.00 and a 200 day moving average price of $679.01. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were given a $0.7514 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.01 annualized dividend and a yield of 0.4%. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135.

Key Headlines Impacting Invesco QQQ

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About Invesco QQQ

(Free Report)

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.

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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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