Virtue Capital Management LLC Acquires 17,525 Shares of Invesco QQQ $QQQ

Virtue Capital Management LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 64.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 44,570 shares of the exchange traded fund’s stock after acquiring an additional 17,525 shares during the period. Invesco QQQ comprises approximately 4.3% of Virtue Capital Management LLC’s portfolio, making the stock its 2nd biggest holding. Virtue Capital Management LLC’s holdings in Invesco QQQ were worth $32,972,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Heartwood Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ by 0.7% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund’s stock valued at $1,444,000 after acquiring an additional 14 shares during the last quarter. Sherman Wealth Management LLC grew its position in Invesco QQQ by 0.8% in the third quarter. Sherman Wealth Management LLC now owns 1,702 shares of the exchange traded fund’s stock worth $1,259,000 after acquiring an additional 14 shares in the last quarter. Heritage Wealth Management Inc. increased its stake in Invesco QQQ by 1.1% during the third quarter. Heritage Wealth Management Inc. now owns 1,328 shares of the exchange traded fund’s stock worth $983,000 after acquiring an additional 14 shares during the last quarter. Royal Harbor Partners LLC increased its stake in Invesco QQQ by 4.6% during the third quarter. Royal Harbor Partners LLC now owns 318 shares of the exchange traded fund’s stock worth $235,000 after acquiring an additional 14 shares during the last quarter. Finally, CAP Partners LLC raised its position in Invesco QQQ by 3.5% during the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock valued at $256,000 after purchasing an additional 15 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $690.49 on Monday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86. The stock’s 50 day simple moving average is $725.00 and its two-hundred day simple moving average is $679.01.

Invesco QQQ Cuts Dividend

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

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.

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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).

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

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