Thurston Springer Miller Herd & Titak Inc. Has $2.70 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 60.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,538 shares of the exchange traded fund’s stock after acquiring an additional 2,088 shares during the period. Invesco QQQ comprises 0.7% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 18th largest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in Invesco QQQ were worth $2,704,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Redhawk Wealth Advisors Inc. increased its stake in Invesco QQQ by 1.5% in the third quarter. Redhawk Wealth Advisors Inc. now owns 10,139 shares of the exchange traded fund’s stock valued at $4,949,000 after purchasing an additional 149 shares in the last quarter. Affiance Financial LLC increased its stake in Invesco QQQ by 3.9% in the third quarter. Affiance Financial LLC now owns 2,881 shares of the exchange traded fund’s stock valued at $1,406,000 after purchasing an additional 109 shares in the last quarter. Armstrong Advisory Group Inc. increased its stake in Invesco QQQ by 4.5% in the third quarter. Armstrong Advisory Group Inc. now owns 8,663 shares of the exchange traded fund’s stock valued at $4,228,000 after purchasing an additional 370 shares in the last quarter. Sheridan Capital Management LLC increased its stake in Invesco QQQ by 2.0% in the third quarter. Sheridan Capital Management LLC now owns 2,606 shares of the exchange traded fund’s stock valued at $1,272,000 after purchasing an additional 50 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in Invesco QQQ by 90.1% in the third quarter. Sound Income Strategies LLC now owns 11,450 shares of the exchange traded fund’s stock valued at $5,589,000 after purchasing an additional 5,428 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

QQQ opened at $493.36 on Monday. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The company has a fifty day moving average price of $472.55 and a two-hundred day moving average price of $463.40.

Invesco QQQ Cuts Dividend

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

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.