Invesco QQQ (NASDAQ:QQQ) Stake Boosted by Macroview Investment Management LLC

Macroview Investment Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,457 shares of the exchange traded fund’s stock after purchasing an additional 222 shares during the quarter. Invesco QQQ comprises 3.6% of Macroview Investment Management LLC’s portfolio, making the stock its 7th largest position. Macroview Investment Management LLC’s holdings in Invesco QQQ were worth $3,640,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Steel Grove Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after buying an additional 3,102,568 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after buying an additional 2,762,571 shares during the last quarter. Granite Bay Wealth Management LLC grew its holdings in shares of Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after buying an additional 894,532 shares during the last quarter. Harvard Management Co. Inc. purchased a new stake in shares of Invesco QQQ during the first quarter valued at approximately $304,591,000. Finally, Mirae Asset Securities USA Inc. purchased a new stake in shares of Invesco QQQ during the second quarter valued at approximately $215,600,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $495.96 on Wednesday. The company’s 50 day moving average is $479.23 and its 200 day moving average is $465.96. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.

About Invesco QQQ

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.