Invesco QQQ $QQQ Stock: Silver Grove Financial Group Inc. Grows Stake

Silver Grove Financial Group Inc. raised its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 14.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,707 shares of the exchange traded fund’s stock after buying an additional 850 shares during the quarter. Invesco QQQ accounts for 2.3% of Silver Grove Financial Group Inc.’s holdings, making the stock its 8th biggest holding. Silver Grove Financial Group Inc.’s holdings in Invesco QQQ were worth $4,961,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Brooklyn FI LLC grew its position in shares of Invesco QQQ by 32.2% during the 3rd quarter. Brooklyn FI LLC now owns 1,187 shares of the exchange traded fund’s stock worth $821,000 after purchasing an additional 289 shares in the last quarter. Moneco Advisors LLC increased its holdings in shares of Invesco QQQ by 2.3% during the third quarter. Moneco Advisors LLC now owns 13,908 shares of the exchange traded fund’s stock worth $10,288,000 after purchasing an additional 307 shares during the period. Woodley Farra Manion Portfolio Management Inc. increased its holdings in shares of Invesco QQQ by 28.8% during the third quarter. Woodley Farra Manion Portfolio Management Inc. now owns 943 shares of the exchange traded fund’s stock worth $698,000 after purchasing an additional 211 shares during the period. 626 Financial LLC raised its position in shares of Invesco QQQ by 4.4% in the third quarter. 626 Financial LLC now owns 427 shares of the exchange traded fund’s stock valued at $316,000 after buying an additional 18 shares in the last quarter. Finally, Keybank National Association OH raised its position in shares of Invesco QQQ by 1.5% in the third quarter. Keybank National Association OH now owns 31,253 shares of the exchange traded fund’s stock valued at $23,120,000 after buying an additional 463 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Trading Down 0.7%

Shares of QQQ stock opened at $674.76 on Wednesday. The stock has a 50 day simple moving average of $719.39 and a 200 day simple moving average of $680.92. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86.

Invesco QQQ Cuts Dividend

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

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.

Further Reading

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

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