Invesco QQQ (NASDAQ:QQQ) Stock Position Lifted by Pacific Sun Financial Corp

Pacific Sun Financial Corp boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 0.7% in the third quarter, Holdings Channel reports. The institutional investor owned 5,711 shares of the exchange traded fund’s stock after acquiring an additional 40 shares during the quarter. Invesco QQQ makes up approximately 1.5% of Pacific Sun Financial Corp’s holdings, making the stock its 10th largest position. Pacific Sun Financial Corp’s holdings in Invesco QQQ were worth $2,787,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Nvest Financial LLC lifted its holdings in shares of Invesco QQQ by 1.8% during the 3rd quarter. Nvest Financial LLC now owns 5,474 shares of the exchange traded fund’s stock valued at $2,672,000 after buying an additional 98 shares during the last quarter. Charles Schwab Trust Co lifted its stake in Invesco QQQ by 20.1% in the third quarter. Charles Schwab Trust Co now owns 2,227 shares of the exchange traded fund’s stock valued at $1,087,000 after acquiring an additional 372 shares during the last quarter. Fermata Advisors LLC grew its position in Invesco QQQ by 8.3% in the third quarter. Fermata Advisors LLC now owns 41,516 shares of the exchange traded fund’s stock worth $20,263,000 after acquiring an additional 3,197 shares in the last quarter. Davies Financial Advisors Inc. increased its stake in shares of Invesco QQQ by 2.5% during the 3rd quarter. Davies Financial Advisors Inc. now owns 44,938 shares of the exchange traded fund’s stock worth $21,933,000 after purchasing an additional 1,101 shares during the last quarter. Finally, Congress Park Capital LLC raised its holdings in shares of Invesco QQQ by 5.0% during the 3rd quarter. Congress Park Capital LLC now owns 6,551 shares of the exchange traded fund’s stock valued at $3,197,000 after purchasing an additional 309 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.1 %

NASDAQ:QQQ traded up $0.54 during trading hours on Friday, reaching $493.13. The company’s stock had a trading volume of 13,230,817 shares, compared to its average volume of 39,272,051. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The business’s 50-day moving average is $471.66 and its 200-day moving average is $462.79.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.55%.

Invesco QQQ Profile

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.