Gradient Investments LLC Raises Stock Holdings in Invesco QQQ $QQQ

Gradient Investments LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 39.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,107 shares of the exchange traded fund’s stock after acquiring an additional 3,716 shares during the quarter. Gradient Investments LLC’s holdings in Invesco QQQ were worth $7,869,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wisconsin Wealth Advisors LLC grew its holdings in shares of Invesco QQQ by 16.9% in the third quarter. Wisconsin Wealth Advisors LLC now owns 7,888 shares of the exchange traded fund’s stock worth $4,736,000 after purchasing an additional 1,141 shares during the last quarter. City Center Advisors LLC grew its stake in Invesco QQQ by 5.8% in the 3rd quarter. City Center Advisors LLC now owns 2,733 shares of the exchange traded fund’s stock worth $1,641,000 after acquiring an additional 150 shares in the last quarter. Heartwood Wealth Advisors LLC purchased a new position in shares of Invesco QQQ during the third quarter worth approximately $216,000. Inspirion Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 10.8% during the third quarter. Inspirion Wealth Advisors LLC now owns 2,294 shares of the exchange traded fund’s stock valued at $1,377,000 after acquiring an additional 223 shares in the last quarter. Finally, Insight Wealth Strategies LLC boosted its holdings in shares of Invesco QQQ by 2.3% in the third quarter. Insight Wealth Strategies LLC now owns 4,097 shares of the exchange traded fund’s stock valued at $2,459,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $600.41 on Thursday. The business’s 50 day moving average is $613.62 and its 200 day moving average is $582.45. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.