43,363 Shares in Invesco QQQ $QQQ Bought by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 43,363 shares of the exchange traded fund’s stock, valued at approximately $30,524,000. Invesco QQQ comprises about 1.9% of M Holdings Securities Inc.’s investment portfolio, making the stock its 6th biggest position.

Several other institutional investors have also recently made changes to their positions in the stock. GoalVest Advisory LLC boosted its holdings in shares of Invesco QQQ by 20,256.6% in the 3rd quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock valued at $454,185,000 after buying an additional 610,939 shares during the last quarter. Corient Private Wealth LP grew its stake in shares of Invesco QQQ by 506.8% in the second quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund’s stock valued at $401,553,000 after buying an additional 455,412 shares in the last quarter. Alaska Permanent Fund Corp acquired a new position in Invesco QQQ during the second quarter worth $207,072,000. International Assets Investment Management LLC increased its holdings in Invesco QQQ by 390.3% during the third quarter. International Assets Investment Management LLC now owns 300,000 shares of the exchange traded fund’s stock worth $221,931,000 after buying an additional 238,814 shares during the last quarter. Finally, Senator Investment Group LP acquired a new position in Invesco QQQ during the second quarter worth $157,221,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $656.10 on Monday. The firm’s fifty day moving average price is $720.97 and its two-hundred day moving average price is $680.33. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were given a $0.7514 dividend. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.5%.

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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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