Invesco QQQ $QQQ Stock Bought by Stevens Capital Partners

Stevens Capital Partners lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 120.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,506 shares of the exchange traded fund’s stock after acquiring an additional 1,369 shares during the quarter. Stevens Capital Partners’ holdings in Invesco QQQ were worth $1,854,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QQQ. Royal Harbor Partners LLC boosted its holdings in shares of Invesco QQQ by 4.6% during the third quarter. Royal Harbor Partners LLC now owns 318 shares of the exchange traded fund’s stock worth $235,000 after acquiring an additional 14 shares during the period. Vise Technologies Inc. acquired a new position in shares of Invesco QQQ in the third quarter valued at approximately $41,870,000. Investment Partners LTD. lifted its holdings in Invesco QQQ by 99.3% during the 3rd quarter. Investment Partners LTD. now owns 6,818 shares of the exchange traded fund’s stock worth $5,044,000 after purchasing an additional 3,397 shares during the last quarter. Cidel Asset Management Inc. boosted its stake in Invesco QQQ by 18.5% in the 3rd quarter. Cidel Asset Management Inc. now owns 545 shares of the exchange traded fund’s stock valued at $403,000 after purchasing an additional 85 shares during the period. Finally, Intrua Financial LLC boosted its stake in Invesco QQQ by 2.4% in the 3rd quarter. Intrua Financial LLC now owns 5,026 shares of the exchange traded fund’s stock valued at $3,718,000 after purchasing an additional 117 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Down 3.5%

Shares of NASDAQ QQQ opened at $690.49 on Friday. The stock’s fifty day moving average price is $725.00 and its two-hundred day moving average price is $679.01. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were issued a dividend of $0.7514 per share. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, September 21st.

About Invesco QQQ

(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.

Recommended Stories

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).

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

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.