ERn Financial LLC Acquires 229 Shares of Invesco QQQ (NASDAQ:QQQ)

ERn Financial LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 34.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 890 shares of the exchange traded fund’s stock after purchasing an additional 229 shares during the period. ERn Financial LLC’s holdings in Invesco QQQ were worth $435,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brady Family Wealth LLC boosted its stake in Invesco QQQ by 20.7% in the 3rd quarter. Brady Family Wealth LLC now owns 1,167 shares of the exchange traded fund’s stock worth $570,000 after purchasing an additional 200 shares in the last quarter. PFG Advisors raised its holdings in Invesco QQQ by 3.6% in the third quarter. PFG Advisors now owns 83,721 shares of the exchange traded fund’s stock worth $40,862,000 after buying an additional 2,879 shares during the last quarter. Client First Capital LLC lifted its stake in shares of Invesco QQQ by 0.6% in the third quarter. Client First Capital LLC now owns 61,099 shares of the exchange traded fund’s stock worth $29,821,000 after buying an additional 340 shares in the last quarter. Prospect Financial Services LLC lifted its stake in shares of Invesco QQQ by 50.6% in the third quarter. Prospect Financial Services LLC now owns 9,615 shares of the exchange traded fund’s stock worth $4,693,000 after buying an additional 3,230 shares in the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC grew its holdings in shares of Invesco QQQ by 2.4% during the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 3,678 shares of the exchange traded fund’s stock valued at $1,770,000 after buying an additional 86 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $490.91 on Thursday. The company has a 50 day moving average of $475.94 and a 200 day moving average of $464.29. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, September 23rd.

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.