Austin Private Wealth LLC Raises Position in Invesco QQQ (NASDAQ:QQQ)

Austin Private Wealth LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,905 shares of the exchange traded fund’s stock after buying an additional 51 shares during the period. Austin Private Wealth LLC’s holdings in Invesco QQQ were worth $1,418,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in QQQ. Falcon Wealth Planning raised its holdings in Invesco QQQ by 5.2% in the 3rd quarter. Falcon Wealth Planning now owns 68,846 shares of the exchange traded fund’s stock valued at $33,602,000 after acquiring an additional 3,426 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Invesco QQQ by 1.7% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 29,463 shares of the exchange traded fund’s stock worth $14,380,000 after buying an additional 479 shares during the last quarter. Arthur M. Cohen & Associates LLC raised its position in shares of Invesco QQQ by 0.8% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 10,292 shares of the exchange traded fund’s stock valued at $4,953,000 after buying an additional 83 shares during the period. Geneva Partners LLC lifted its holdings in Invesco QQQ by 0.4% in the third quarter. Geneva Partners LLC now owns 7,139 shares of the exchange traded fund’s stock valued at $3,484,000 after acquiring an additional 30 shares during the last quarter. Finally, United Advisor Group LLC grew its position in Invesco QQQ by 5.0% in the third quarter. United Advisor Group LLC now owns 4,815 shares of the exchange traded fund’s stock worth $2,350,000 after acquiring an additional 229 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock traded up $4.63 during midday trading on Tuesday, hitting $490.64. 4,467,503 shares of the company’s stock were exchanged, compared to its average volume of 38,405,621. Invesco QQQ has a 1-year low of $366.91 and a 1-year high of $503.52. The business has a 50-day simple moving average of $482.01 and a two-hundred day simple moving average of $469.55.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.55%.

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.