Mosaic Financial Group LLC Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

Mosaic Financial Group LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,754 shares of the exchange traded fund’s stock after buying an additional 32 shares during the quarter. Invesco QQQ comprises approximately 1.3% of Mosaic Financial Group LLC’s portfolio, making the stock its 15th largest position. Mosaic Financial Group LLC’s holdings in Invesco QQQ were worth $1,832,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Mechanics Financial Corp purchased a new position in Invesco QQQ during the second quarter worth about $30,000. CGC Financial Services LLC lifted its holdings in shares of Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares during the last quarter. Legacy Bridge LLC boosted its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. PFG Private Wealth Management LLC increased its holdings in Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 103 shares during the last quarter. Finally, BNP Paribas purchased a new stake in Invesco QQQ in the third quarter valued at approximately $62,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $526.48 on Friday. Invesco QQQ has a 52 week low of $386.96 and a 52 week high of $526.72. The stock’s fifty day moving average is $499.59 and its two-hundred day moving average is $481.55.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ Company 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.