Strengthening Families & Communities LLC Acquires New Holdings in Invesco QQQ $QQQ

Strengthening Families & Communities LLC bought a new position in Invesco QQQ (NASDAQ:QQQFree Report) in the 3rd quarter, HoldingsChannel reports. The fund bought 18,173 shares of the exchange traded fund’s stock, valued at approximately $10,771,000. Invesco QQQ accounts for about 2.4% of Strengthening Families & Communities LLC’s holdings, making the stock its 7th largest holding.

Other hedge funds also recently made changes to their positions in the company. Orgel Wealth Management LLC boosted its position in Invesco QQQ by 4.7% during the 3rd quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock worth $229,000 after acquiring an additional 17 shares during the period. Enclave Advisors LLC lifted its holdings in Invesco QQQ by 0.9% in the third quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock worth $1,099,000 after purchasing an additional 17 shares during the period. IFS Advisors LLC grew its position in Invesco QQQ by 4.1% in the 3rd quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock valued at $259,000 after buying an additional 17 shares in the last quarter. Mezzasalma Advisors LLC increased its stake in Invesco QQQ by 0.5% during the 3rd quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock valued at $1,988,000 after buying an additional 17 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Invesco QQQ by 1.2% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,421 shares of the exchange traded fund’s stock worth $853,000 after buying an additional 17 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7%

Shares of NASDAQ:QQQ opened at $626.14 on Tuesday. The company has a 50 day moving average of $620.25 and a 200-day moving average of $601.30. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(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:QQQFree Report).

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

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