Antonelli Financial Advisors LLC Has $26.63 Million Holdings in Invesco QQQ $QQQ

Antonelli Financial Advisors LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 3.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,347 shares of the exchange traded fund’s stock after selling 1,384 shares during the quarter. Invesco QQQ accounts for about 18.1% of Antonelli Financial Advisors LLC’s investment portfolio, making the stock its largest position. Antonelli Financial Advisors LLC’s holdings in Invesco QQQ were worth $26,625,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GDS Wealth Management grew its stake in shares of Invesco QQQ by 11.2% in the third quarter. GDS Wealth Management now owns 1,697 shares of the exchange traded fund’s stock worth $1,019,000 after acquiring an additional 171 shares during the last quarter. Kanawha Capital Management LLC raised its stake in Invesco QQQ by 0.6% during the 3rd quarter. Kanawha Capital Management LLC now owns 6,692 shares of the exchange traded fund’s stock valued at $4,018,000 after purchasing an additional 39 shares during the last quarter. Partners Capital Investment Group LLP boosted its holdings in Invesco QQQ by 1.5% in the 3rd quarter. Partners Capital Investment Group LLP now owns 11,090 shares of the exchange traded fund’s stock valued at $6,658,000 after purchasing an additional 168 shares during the period. JFG Wealth Management LLC grew its position in Invesco QQQ by 1.1% in the 3rd quarter. JFG Wealth Management LLC now owns 4,684 shares of the exchange traded fund’s stock worth $2,812,000 after purchasing an additional 52 shares during the last quarter. Finally, Certior Financial Group LLC bought a new position in shares of Invesco QQQ during the 3rd quarter worth about $228,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ News Roundup

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

Invesco QQQ Stock Up 0.3%

Shares of QQQ opened at $622.72 on Friday. The company has a 50-day simple moving average of $616.52 and a 200-day simple moving average of $598.01. 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 disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a $0.7941 dividend. The ex-dividend date was Monday, December 22nd. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

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.

Featured Stories

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.