Flagship Private Wealth LLC Purchases 964 Shares of Invesco QQQ (NASDAQ:QQQ)

Flagship Private Wealth LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,164 shares of the exchange traded fund’s stock after purchasing an additional 964 shares during the period. Invesco QQQ accounts for about 3.1% of Flagship Private Wealth LLC’s portfolio, making the stock its 8th biggest holding. Flagship Private Wealth LLC’s holdings in Invesco QQQ were worth $5,937,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. Northeast Investment Management boosted its position in shares of Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after purchasing an additional 20 shares in the last quarter. Prospect Financial Services LLC raised its stake in 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 buying an additional 21 shares during the period. Skyline Advisors Inc. boosted its holdings in Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after acquiring an additional 21 shares in the last quarter. Madden Advisory Services Inc. grew its stake in Invesco QQQ by 0.9% in the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after acquiring an additional 21 shares during the period. Finally, Sweeney & Michel LLC increased 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 acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.3 %

Shares of QQQ opened at $492.21 on Wednesday. The business’s fifty day moving average is $482.32 and its 200 day moving average is $470.09. Invesco QQQ has a 12-month low of $366.91 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.