Invesco QQQ (NASDAQ:QQQ) Holdings Lowered by Prospera Financial Services Inc

Prospera Financial Services Inc decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 140,340 shares of the exchange traded fund’s stock after selling 329 shares during the quarter. Invesco QQQ comprises about 1.8% of Prospera Financial Services Inc’s portfolio, making the stock its 5th largest holding. Prospera Financial Services Inc’s holdings in Invesco QQQ were worth $68,529,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Westwood Holdings Group Inc. grew its holdings in shares of Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after purchasing an additional 1,993 shares in the last quarter. Socha Financial Group LLC grew its stake in shares of Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares in the last quarter. Archer Investment Corp grew its stake in shares of Invesco QQQ by 10.2% in the 3rd quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund’s stock worth $21,281,000 after buying an additional 4,025 shares in the last quarter. Bank Hapoalim BM increased its holdings in shares of Invesco QQQ by 5.5% in the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after buying an additional 6,347 shares during the last quarter. Finally, Arrow Financial Corp raised its position in shares of Invesco QQQ by 7.2% during the 3rd quarter. Arrow Financial Corp now owns 141,366 shares of the exchange traded fund’s stock valued at $68,997,000 after buying an additional 9,516 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

Shares of NASDAQ:QQQ opened at $500.02 on Tuesday. The company has a 50-day moving average price of $490.25 and a 200 day moving average price of $475.35. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.54%. 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.