Stiles Financial Services Inc Has $1.43 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Stiles Financial Services Inc lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,935 shares of the exchange traded fund’s stock after selling 89 shares during the quarter. Stiles Financial Services Inc’s holdings in Invesco QQQ were worth $1,433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Stone Point Wealth LLC raised its holdings in shares of Invesco QQQ by 18.5% during the third quarter. Stone Point Wealth LLC now owns 1,599 shares of the exchange traded fund’s stock worth $780,000 after acquiring an additional 250 shares in the last quarter. Lakeshore Financial Planning Inc. raised its holdings in shares of Invesco QQQ by 11.2% during the third quarter. Lakeshore Financial Planning Inc. now owns 7,155 shares of the exchange traded fund’s stock worth $3,492,000 after acquiring an additional 721 shares in the last quarter. Bensler LLC raised its holdings in shares of Invesco QQQ by 2.9% during the third quarter. Bensler LLC now owns 25,458 shares of the exchange traded fund’s stock worth $12,425,000 after acquiring an additional 708 shares in the last quarter. Smith Thornton Advisors LLC raised its holdings in Invesco QQQ by 1.8% during the third quarter. Smith Thornton Advisors LLC now owns 5,250 shares of the exchange traded fund’s stock valued at $2,562,000 after buying an additional 95 shares in the last quarter. Finally, Winthrop Advisory Group LLC raised its holdings in Invesco QQQ by 5.6% during the third quarter. Winthrop Advisory Group LLC now owns 118,841 shares of the exchange traded fund’s stock valued at $58,083,000 after buying an additional 6,253 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $513.63 on Friday. The stock’s 50-day moving average is $483.00 and its two-hundred day moving average is $470.34. Invesco QQQ has a fifty-two week low of $369.57 and a fifty-two week high of $514.33.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

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.