Invesco QQQ (NASDAQ:QQQ) Stake Boosted by Amplius Wealth Advisors LLC

Amplius Wealth Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,739 shares of the exchange traded fund’s stock after buying an additional 2,266 shares during the period. Invesco QQQ comprises about 3.6% of Amplius Wealth Advisors LLC’s holdings, making the stock its 9th biggest position. Amplius Wealth Advisors LLC’s holdings in Invesco QQQ were worth $33,061,000 as of its most recent filing with the SEC.

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

Invesco QQQ Trading Up 0.0 %

QQQ opened at $490.91 on Thursday. The firm has a 50-day moving average price of $475.94 and a 200-day moving average price of $464.29. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be paid a $0.677 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a 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.