Invesco QQQ Trust (QQQ) Shares Bought by Wagner Wealth Management LLC

Wagner Wealth Management LLC grew its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 10.7% during the third quarter, HoldingsChannel.com reports. The fund owned 7,444 shares of the exchange traded fund’s stock after acquiring an additional 722 shares during the period. Wagner Wealth Management LLC’s holdings in Invesco QQQ Trust were worth $1,383,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Divergent Wealth Advisors LLC increased its stake in Invesco QQQ Trust by 12.3% during the 3rd quarter. Divergent Wealth Advisors LLC now owns 2,555 shares of the exchange traded fund’s stock worth $460,000 after buying an additional 279 shares during the period. Financial Partners Group Inc increased its stake in Invesco QQQ Trust by 1.1% during the 2nd quarter. Financial Partners Group Inc now owns 25,127 shares of the exchange traded fund’s stock worth $4,313,000 after buying an additional 283 shares during the period. Advanced Asset Management Advisors Inc increased its stake in Invesco QQQ Trust by 0.3% during the 2nd quarter. Advanced Asset Management Advisors Inc now owns 112,670 shares of the exchange traded fund’s stock worth $19,340,000 after buying an additional 285 shares during the period. Summit X LLC increased its stake in Invesco QQQ Trust by 17.2% during the 2nd quarter. Summit X LLC now owns 1,964 shares of the exchange traded fund’s stock worth $338,000 after buying an additional 288 shares during the period. Finally, Northeast Financial Consultants Inc increased its stake in Invesco QQQ Trust by 0.9% during the 2nd quarter. Northeast Financial Consultants Inc now owns 31,959 shares of the exchange traded fund’s stock worth $5,485,000 after buying an additional 295 shares during the period. 39.07% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ QQQ opened at $175.58 on Thursday. Invesco QQQ Trust has a 52 week low of $150.13 and a 52 week high of $187.53.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Tuesday, September 25th were issued a dividend of $0.3298 per share. This represents a $1.32 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Monday, September 24th.

Separately, Bank of America cut shares of Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a report on Monday.

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About Invesco QQQ Trust

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.

See Also: Outstanding Shares

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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