Ironwood Financial llc Acquires 190 Shares of Invesco QQQ (NASDAQ:QQQ)

Ironwood Financial llc increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,570 shares of the exchange traded fund’s stock after acquiring an additional 190 shares during the period. Invesco QQQ comprises about 1.1% of Ironwood Financial llc’s investment portfolio, making the stock its 27th biggest position. Ironwood Financial llc’s holdings in Invesco QQQ were worth $5,159,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Prospect Financial Services LLC grew its holdings in shares of Invesco QQQ by 0.3% during the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after acquiring an additional 21 shares during the period. Skyline Advisors Inc. raised its holdings in Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after acquiring an additional 21 shares during the last quarter. Sweeney & Michel LLC lifted its holdings in shares of Invesco QQQ by 4.0% during the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after purchasing an additional 22 shares in the last quarter. Family Firm Inc. boosted its holdings in shares of Invesco QQQ by 3.1% during the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after acquiring an additional 22 shares during the last quarter. Finally, Merriman Wealth Management LLC boosted its holdings in Invesco QQQ by 0.5% in the second quarter. Merriman Wealth Management LLC now owns 5,044 shares of the exchange traded fund’s stock worth $2,420,000 after purchasing an additional 23 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ traded up $3.09 during trading hours on Thursday, hitting $494.00. The stock had a trading volume of 4,280,396 shares, compared to its average volume of 38,967,730. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The stock has a fifty day moving average price of $475.94 and a 200 day moving average price of $464.29.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.