Invesco QQQ $QQQ Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC boosted its position in Invesco QQQ (NASDAQ:QQQFree Report) by 11.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 184,939 shares of the exchange traded fund’s stock after acquiring an additional 18,874 shares during the period. Invesco QQQ comprises approximately 1.0% of Merit Financial Group LLC’s holdings, making the stock its 23rd biggest holding. Merit Financial Group LLC’s holdings in Invesco QQQ were worth $111,031,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in QQQ. Fifth Third Securities Inc. boosted its holdings in Invesco QQQ by 2.6% during the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after purchasing an additional 2,822 shares during the last quarter. SK Wealth Management LLC acquired a new stake in Invesco QQQ in the 3rd quarter valued at $803,000. Great Point Wealth Advisors LLC bought a new stake in Invesco QQQ during the 3rd quarter worth about $507,000. Strengthening Families & Communities LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter worth about $10,771,000. Finally, Wedbush Securities Inc. grew its holdings in shares of Invesco QQQ by 3.2% in the 3rd quarter. Wedbush Securities Inc. now owns 70,363 shares of the exchange traded fund’s stock valued at $42,244,000 after acquiring an additional 2,177 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Summary

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

Invesco QQQ Stock Performance

QQQ stock opened at $601.92 on Tuesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The business has a 50 day moving average price of $617.86 and a two-hundred day moving average price of $604.28.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd.

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.

Further Reading

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

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