Mirador Capital Partners LP Has $2.68 Million Stock Holdings in Invesco QQQ $QQQ

Mirador Capital Partners LP increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.6% in the second quarter, Holdings Channel.com reports. The firm owned 4,852 shares of the exchange traded fund’s stock after buying an additional 121 shares during the quarter. Mirador Capital Partners LP’s holdings in Invesco QQQ were worth $2,677,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of QQQ. Compass Financial Services Inc increased its holdings in Invesco QQQ by 0.4% in the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock worth $2,345,000 after purchasing an additional 19 shares in the last quarter. Willis Johnson & Associates Inc. increased its stake in shares of Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock valued at $416,000 after buying an additional 21 shares during the period. MTM Investment Management LLC increased its stake in shares of Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after buying an additional 21 shares during the period. Cutler Investment Counsel LLC increased its stake in shares of Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after buying an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC increased its stake in shares of Invesco QQQ by 1.6% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund’s stock valued at $707,000 after buying an additional 22 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $591.18 on Wednesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $592.86. The firm has a 50 day moving average price of $569.81 and a two-hundred day moving average price of $521.75.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.

Invesco QQQ 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.