Invesco QQQ (NASDAQ:QQQ) Shares Acquired by White Pine Investment CO

White Pine Investment CO lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,238 shares of the exchange traded fund’s stock after acquiring an additional 376 shares during the quarter. Invesco QQQ accounts for about 1.5% of White Pine Investment CO’s portfolio, making the stock its 29th largest position. White Pine Investment CO’s holdings in Invesco QQQ were worth $5,485,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Prospect Financial Services LLC raised 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 in the last quarter. Skyline Advisors Inc. lifted its position in shares of Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after purchasing an additional 21 shares during the last quarter. Sweeney & Michel LLC grew its stake in Invesco QQQ by 4.0% in the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 22 shares in the last quarter. Family Firm Inc. grew its stake in Invesco QQQ by 3.1% in the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after purchasing an additional 22 shares in the last quarter. Finally, MPS Loria Financial Planners LLC raised its stake in Invesco QQQ by 0.8% during 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 Trading Up 0.7 %

Shares of QQQ opened at $487.43 on Friday. Invesco QQQ has a 52 week low of $360.30 and a 52 week high of $503.52. The stock has a 50 day moving average of $481.80 and a 200-day moving average of $468.80.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Monday, September 23rd.

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.