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Invesco QQQ $QQQ Shares Acquired by Soltis Investment Advisors LLC

Invesco QQQ logo with background
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Key Points

  • Soltis Investment Advisors increased its Invesco QQQ position by 14.8% in the third quarter, adding 3,195 shares for a total of 24,789 shares valued at approximately $18.3 million.
  • QQQ opened at $690.49, down 3.5%, with its price below the 50-day moving average but above the 200-day average. The ETF’s recent range was $555.60 to $762.86.
  • Invesco QQQ’s quarterly dividend fell to $0.7514 per share from $0.8135, equating to an annualized dividend of $3.01 and a 0.4% yield; institutional investors own 44.58% of the fund.
  • Interested in Invesco QQQ? Here are five stocks we like better.

Soltis Investment Advisors LLC increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 14.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,789 shares of the exchange traded fund's stock after buying an additional 3,195 shares during the quarter. Invesco QQQ comprises about 0.8% of Soltis Investment Advisors LLC's investment portfolio, making the stock its 16th biggest position. Soltis Investment Advisors LLC's holdings in Invesco QQQ were worth $18,338,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. High Point Wealth Management LLC grew its stake in Invesco QQQ by 68.0% during the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock worth $31,000 after buying an additional 17 shares during the period. Parvin Asset Management LLC acquired a new stake in shares of Invesco QQQ during the first quarter valued at about $28,000. Financial Management Professionals Inc. grew its stake in shares of Invesco QQQ by 83.3% during the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund's stock valued at $41,000 after acquiring an additional 25 shares in the last quarter. Bullseye Investment Management LLC purchased a new stake in shares of Invesco QQQ during the second quarter worth about $44,000. Finally, DecisionPoint Financial LLC increased its position in shares of Invesco QQQ by 65.0% during the third quarter. DecisionPoint Financial LLC now owns 66 shares of the exchange traded fund's stock worth $49,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 3.5%

NASDAQ:QQQ opened at $690.49 on Friday. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86. The business's 50-day simple moving average is $725.00 and its 200 day simple moving average is $679.01.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were issued a dividend of $0.7514 per share. The ex-dividend date was Monday, September 21st. This represents a $3.01 annualized dividend and a yield of 0.4%. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135.

Invesco QQQ News Summary

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

Invesco QQQ Company 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.

See Also

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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