Invesco QQQ (NASDAQ:QQQ) Position Increased by GSB Wealth Management LLC

GSB Wealth Management LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,572 shares of the exchange traded fund’s stock after buying an additional 169 shares during the quarter. Invesco QQQ comprises approximately 1.2% of GSB Wealth Management LLC’s holdings, making the stock its 19th largest position. GSB Wealth Management LLC’s holdings in Invesco QQQ were worth $4,672,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Prospect Financial Services LLC increased its stake in shares of Invesco QQQ by 0.3% in the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after purchasing an additional 21 shares during the period. Skyline Advisors Inc. boosted its position in Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after acquiring an additional 21 shares during the period. Sweeney & Michel LLC raised its stake in shares of Invesco QQQ by 4.0% during the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after purchasing an additional 22 shares in the last quarter. Family Firm Inc. lifted its holdings in Invesco QQQ by 3.1% in the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after purchasing an additional 22 shares during the period. Finally, MPS Loria Financial Planners LLC grew its position in Invesco QQQ by 0.8% in the 3rd quarter. MPS Loria Financial Planners LLC now owns 2,656 shares of the exchange traded fund’s stock valued at $1,297,000 after buying an additional 22 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $499.17 on Wednesday. Invesco QQQ has a 52 week low of $346.62 and a 52 week high of $503.52. The company’s 50-day moving average price is $481.19 and its two-hundred day moving average price is $467.84.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%.

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.