Scissortail Wealth Management LLC Raises Holdings in Invesco QQQ $QQQ

Scissortail Wealth Management LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 40.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 21,792 shares of the exchange traded fund’s stock after purchasing an additional 6,250 shares during the period. Invesco QQQ accounts for approximately 2.9% of Scissortail Wealth Management LLC’s holdings, making the stock its 8th largest position. Scissortail Wealth Management LLC’s holdings in Invesco QQQ were worth $13,083,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Fifth Third Securities Inc. lifted its position in Invesco QQQ by 2.6% during the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after acquiring an additional 2,822 shares during the last quarter. SK Wealth Management LLC bought a new position in shares of Invesco QQQ during the third quarter worth approximately $803,000. Great Point Wealth Advisors LLC acquired a new stake in Invesco QQQ during the 3rd quarter worth approximately $507,000. BCGM Wealth Management LLC boosted its stake in Invesco QQQ by 13.6% in the 2nd quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after purchasing an additional 3,066 shares during the period. Finally, Prospect Financial Services LLC boosted its stake in Invesco QQQ by 9.1% in the 2nd quarter. Prospect Financial Services LLC now owns 11,765 shares of the exchange traded fund’s stock valued at $6,490,000 after purchasing an additional 986 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

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Invesco QQQ Trading Down 2.1%

QQQ stock opened at $608.06 on Wednesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The business’s fifty day moving average price is $616.09 and its two-hundred day moving average price is $596.90.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a dividend of $0.7941 per share. The ex-dividend date was Monday, December 22nd. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69.

Invesco QQQ Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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