Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Goldstein Advisors LLC

Goldstein Advisors LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 1.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,182 shares of the exchange traded fund’s stock after purchasing an additional 93 shares during the quarter. Invesco QQQ accounts for about 0.7% of Goldstein Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Goldstein Advisors LLC’s holdings in Invesco QQQ were worth $4,481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. FIDELIS iM LLC acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $398,000. Richardson Capital Management LLC boosted its position in Invesco QQQ by 3,792.5% during the 1st quarter. Richardson Capital Management LLC now owns 2,063 shares of the exchange traded fund’s stock worth $916,000 after acquiring an additional 2,010 shares during the period. Cornerstone Wealth Group LLC boosted its position in Invesco QQQ by 47.2% during the 1st quarter. Cornerstone Wealth Group LLC now owns 3,463 shares of the exchange traded fund’s stock worth $1,538,000 after acquiring an additional 1,110 shares during the period. Avalon Capital Management boosted its position in Invesco QQQ by 5.8% during the 1st quarter. Avalon Capital Management now owns 2,421 shares of the exchange traded fund’s stock worth $1,075,000 after acquiring an additional 133 shares during the period. Finally, Gradient Capital Advisors LLC boosted its position in Invesco QQQ by 3.1% during the 1st quarter. Gradient Capital Advisors LLC now owns 1,005 shares of the exchange traded fund’s stock worth $446,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $495.32 on Friday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The business has a 50-day moving average price of $480.51 and a two-hundred day moving average price of $466.85.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders 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%.

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.