Sunesis Advisors LLC Takes $784,000 Position in Invesco QQQ $QQQ

Sunesis Advisors LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,306 shares of the exchange traded fund’s stock, valued at approximately $784,000. Invesco QQQ makes up 0.4% of Sunesis Advisors LLC’s holdings, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fifth Third Securities Inc. increased its holdings in shares of Invesco QQQ by 2.6% during the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after purchasing an additional 2,822 shares during the period. SK Wealth Management LLC acquired a new stake in Invesco QQQ during the third quarter worth about $803,000. Great Point Wealth Advisors LLC acquired a new stake in Invesco QQQ during the third quarter worth about $507,000. Strengthening Families & Communities LLC bought a new position in Invesco QQQ during the third quarter valued at about $10,771,000. Finally, BCGM Wealth Management LLC raised its holdings 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 acquiring an additional 3,066 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.1%

Shares of QQQ stock opened at $609.65 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The stock has a 50 day moving average of $619.69 and a two-hundred day moving average of $602.56.

Invesco QQQ Increases Dividend

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

More Invesco QQQ News

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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.

Further Reading

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

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