Invesco QQQ $QQQ Shares Bought by First Heartland Consultants Inc.

First Heartland Consultants Inc. increased its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 25.2% during the third quarter, HoldingsChannel.com reports. The fund owned 70,545 shares of the exchange traded fund’s stock after buying an additional 14,192 shares during the period. Invesco QQQ makes up approximately 3.4% of First Heartland Consultants Inc.’s holdings, making the stock its 3rd biggest position. First Heartland Consultants Inc.’s holdings in Invesco QQQ were worth $42,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Orgel Wealth Management LLC increased its stake in Invesco QQQ by 4.7% in the 3rd quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock worth $229,000 after purchasing an additional 17 shares in the last quarter. Enclave Advisors LLC lifted its stake in Invesco QQQ by 0.9% during the third quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock valued at $1,099,000 after buying an additional 17 shares in the last quarter. IFS Advisors LLC boosted its holdings in shares of Invesco QQQ by 4.1% in the third quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock worth $259,000 after buying an additional 17 shares during the period. Mezzasalma Advisors LLC increased its position in shares of Invesco QQQ by 0.5% in the third quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock worth $1,988,000 after acquiring an additional 17 shares in the last quarter. Finally, TCV Trust & Wealth Management Inc. raised its holdings in shares of Invesco QQQ by 1.4% during the third quarter. TCV Trust & Wealth Management Inc. now owns 1,246 shares of the exchange traded fund’s stock valued at $748,000 after acquiring an additional 17 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $601.41 on Tuesday. The firm has a 50 day simple moving average of $616.22 and a 200 day simple moving average of $605.73. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

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

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(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.

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

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