Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Litman Gregory Wealth Management LLC

Litman Gregory Wealth Management LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 192.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,394 shares of the exchange traded fund’s stock after purchasing an additional 917 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in Invesco QQQ were worth $680,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Prospect Financial Services LLC lifted its holdings in Invesco QQQ by 0.3% in the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after acquiring an additional 21 shares during the period. Skyline Advisors Inc. lifted its stake in shares of Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 21 shares during the period. Sweeney & Michel LLC boosted its holdings in Invesco QQQ by 4.0% during the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after buying an additional 22 shares in the last quarter. Family Firm Inc. grew its position in Invesco QQQ by 3.1% during the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after buying an additional 22 shares during the period. Finally, MPS Loria Financial Planners LLC increased its holdings in Invesco QQQ by 0.8% in the third quarter. MPS Loria Financial Planners LLC now owns 2,656 shares of the exchange traded fund’s stock valued at $1,297,000 after buying an additional 22 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $488.36 on Thursday. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The stock’s 50-day moving average price is $479.75 and its 200-day moving average price is $466.12.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

Invesco QQQ Company Profile

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.