Black Diamond Financial LLC Has $2.54 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Black Diamond Financial LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,210 shares of the exchange traded fund’s stock after acquiring an additional 26 shares during the period. Black Diamond Financial LLC’s holdings in Invesco QQQ were worth $2,543,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. PBCay One RSC Ltd lifted its holdings in shares of Invesco QQQ by 6.2% in the 1st quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after purchasing an additional 22,000 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Invesco QQQ by 140.6% in the first quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock valued at $108,000 after buying an additional 142 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Invesco QQQ during the first quarter valued at about $844,000. Tocqueville Asset Management L.P. grew its holdings in shares of Invesco QQQ by 3.7% during the first quarter. Tocqueville Asset Management L.P. now owns 3,968 shares of the exchange traded fund’s stock valued at $1,762,000 after buying an additional 143 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC bought a new stake in shares of Invesco QQQ during the first quarter worth about $496,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.7 %

Shares of NASDAQ QQQ opened at $508.69 on Friday. Invesco QQQ has a fifty-two week low of $382.66 and a fifty-two week high of $515.58. The firm’s 50-day simple moving average is $487.42 and its 200 day simple moving average is $473.42.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was 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.