Focus Partners Advisor Solutions LLC Boosts Holdings in Invesco QQQ $QQQ

Focus Partners Advisor Solutions LLC increased its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 39.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,591 shares of the exchange traded fund’s stock after purchasing an additional 11,442 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Invesco QQQ were worth $25,017,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. Navigoe LLC grew its stake in shares of Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 45 shares during the last quarter. PayPay Securities Corp grew its position in Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 30 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Invesco QQQ in the 3rd quarter worth approximately $42,000. Accent Capital Management LLC increased its stake in Invesco QQQ by 43.1% in the 3rd quarter. Accent Capital Management LLC now owns 83 shares of the exchange traded fund’s stock worth $50,000 after purchasing an additional 25 shares during the period. Finally, Canoe Financial LP bought a new stake in Invesco QQQ in the third quarter valued at approximately $64,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $608.09 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The business has a 50 day moving average price of $616.04 and a 200-day moving average price of $606.86.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Summary

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.

Further Reading

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

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