Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,752 shares of the exchange traded fund’s stock after buying an additional 145 shares during the period. Lake Street Advisors Group LLC’s holdings in Invesco QQQ were worth $9,654,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Strategic Investment Solutions Inc. IL boosted its position in shares of Invesco QQQ by 34.5% during the third quarter. Strategic Investment Solutions Inc. IL now owns 296 shares of the exchange traded fund’s stock worth $144,000 after buying an additional 76 shares during the period. Hudock Inc. raised its holdings in Invesco QQQ by 0.3% during the third quarter. Hudock Inc. now owns 42,543 shares of the exchange traded fund’s stock worth $20,764,000 after purchasing an additional 148 shares in the last quarter. Burke & Herbert Bank & Trust Co. raised its holdings in Invesco QQQ by 2,488.2% during the third quarter. Burke & Herbert Bank & Trust Co. now owns 10,948 shares of the exchange traded fund’s stock worth $5,343,000 after purchasing an additional 10,525 shares in the last quarter. HWG Holdings LP raised its holdings in Invesco QQQ by 37.0% during the third quarter. HWG Holdings LP now owns 33,769 shares of the exchange traded fund’s stock worth $16,482,000 after purchasing an additional 9,128 shares in the last quarter. Finally, Canal Capital Management LLC raised its holdings in Invesco QQQ by 13.7% during the third quarter. Canal Capital Management LLC now owns 18,542 shares of the exchange traded fund’s stock worth $9,050,000 after purchasing an additional 2,230 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $495.32 on Friday. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The stock’s 50 day moving average price is $480.10 and its 200 day moving average price is $466.30.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.