Invesco QQQ (NASDAQ:QQQ) Shares Purchased by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,419 shares of the exchange traded fund’s stock after acquiring an additional 325 shares during the period. JFS Wealth Advisors LLC’s holdings in Invesco QQQ were worth $4,109,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Diversify Wealth Management LLC lifted its position in Invesco QQQ by 13.8% during the third quarter. Diversify Wealth Management LLC now owns 5,783 shares of the exchange traded fund’s stock worth $2,824,000 after buying an additional 700 shares during the period. Edge Financial Advisors LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter valued at about $2,215,000. Highline Wealth Partners LLC purchased a new position in shares of Invesco QQQ during the 3rd quarter worth about $8,404,000. Creekmur Asset Management LLC boosted its position in shares of Invesco QQQ by 4.5% in the third quarter. Creekmur Asset Management LLC now owns 42,339 shares of the exchange traded fund’s stock worth $20,665,000 after acquiring an additional 1,806 shares during the last quarter. Finally, GSB Wealth Management LLC grew its holdings in Invesco QQQ by 1.8% in the third quarter. GSB Wealth Management LLC now owns 9,572 shares of the exchange traded fund’s stock valued at $4,672,000 after purchasing an additional 169 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.8 %

NASDAQ:QQQ opened at $496.38 on Thursday. The firm’s 50 day moving average is $481.47 and its two-hundred day moving average is $468.04. Invesco QQQ has a fifty-two week low of $346.62 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared 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. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

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.