Flaharty Asset Management LLC Purchases Shares of 10,394 Invesco QQQ $QQQ

Flaharty Asset Management LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,394 shares of the exchange traded fund’s stock, valued at approximately $6,240,000. Invesco QQQ accounts for about 0.8% of Flaharty Asset Management LLC’s investment portfolio, making the stock its 26th largest position.

A number of other institutional investors have also added to or reduced their stakes in QQQ. Mutual Advisors LLC increased its holdings in Invesco QQQ by 7.6% in the 3rd quarter. Mutual Advisors LLC now owns 67,238 shares of the exchange traded fund’s stock valued at $41,054,000 after acquiring an additional 4,723 shares during the last quarter. Uptick Partners LLC boosted its stake in Invesco QQQ by 4.9% during the third quarter. Uptick Partners LLC now owns 10,601 shares of the exchange traded fund’s stock valued at $6,365,000 after buying an additional 499 shares during the last quarter. UMB Bank n.a. grew its holdings in Invesco QQQ by 19.8% during the 3rd quarter. UMB Bank n.a. now owns 4,944 shares of the exchange traded fund’s stock valued at $2,968,000 after buying an additional 818 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in Invesco QQQ by 0.9% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 21,983 shares of the exchange traded fund’s stock worth $13,202,000 after acquiring an additional 197 shares during the last quarter. Finally, Cutler Investment Counsel LLC raised its holdings in shares of Invesco QQQ by 2.2% during the 3rd quarter. Cutler Investment Counsel LLC now owns 1,533 shares of the exchange traded fund’s stock worth $921,000 after acquiring an additional 33 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.2%

NASDAQ QQQ opened at $621.87 on Friday. The stock has a 50 day moving average price of $619.83 and a 200-day moving average price of $600.54. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.7941 dividend. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

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

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