Turtle Creek Wealth Advisors LLC Has $417,000 Stake in Invesco QQQ (NASDAQ:QQQ)

Turtle Creek Wealth Advisors LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 30.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 854 shares of the exchange traded fund’s stock after purchasing an additional 200 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Invesco QQQ were worth $417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Northeast Investment Management boosted its stake in shares of Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after purchasing an additional 20 shares during the period. Planning Capital Management Corp raised its holdings in Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 20 shares during the last quarter. Prospect Financial Services LLC boosted its position in Invesco QQQ by 0.3% during the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after buying an additional 21 shares during the period. Skyline Advisors Inc. increased its position in shares of Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after acquiring an additional 21 shares during the period. Finally, Madden Advisory Services Inc. raised its stake in shares of Invesco QQQ by 0.9% during the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after acquiring an additional 21 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded down $12.12 during trading on Friday, reaching $496.57. 51,461,054 shares of the stock were exchanged, compared to its average volume of 38,252,949. Invesco QQQ has a 1 year low of $382.66 and a 1 year high of $515.58. The stock’s fifty day moving average is $489.33 and its 200 day moving average is $474.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend 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.