Invesco QQQ (NASDAQ:QQQ) is Larson Financial Group LLC’s 3rd Largest Position

Larson Financial Group LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.6% in the third quarter, HoldingsChannel.com reports. The firm owned 131,734 shares of the exchange traded fund’s stock after purchasing an additional 2,064 shares during the period. Invesco QQQ comprises 3.6% of Larson Financial Group LLC’s investment portfolio, making the stock its 3rd largest position. Larson Financial Group LLC’s holdings in Invesco QQQ were worth $64,296,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Northeast Investment Management raised its holdings in shares of Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after purchasing an additional 20 shares during the period. Planning Capital Management Corp grew its position in shares of Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 20 shares during the last quarter. Prospect Financial Services LLC raised its stake in Invesco QQQ by 0.3% during the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after acquiring an additional 21 shares during the period. Skyline Advisors Inc. lifted its holdings in Invesco QQQ by 5.0% in the third 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 last quarter. Finally, Madden Advisory Services Inc. grew its holdings in shares of Invesco QQQ by 0.9% during the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after purchasing an additional 21 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.2 %

Shares of Invesco QQQ stock opened at $505.79 on Friday. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58. The business’s 50 day simple moving average is $493.08 and its 200-day simple moving average is $476.93.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend 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.