Gradient Investments LLC Raises Position in Invesco QQQ Trust (NASDAQ:QQQ)

Gradient Investments LLC raised its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 8.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 757 shares of the exchange traded fund’s stock after buying an additional 58 shares during the period. Gradient Investments LLC’s holdings in Invesco QQQ Trust were worth $143,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Macroview Investment Management LLC boosted its position in Invesco QQQ Trust by 112.7% in the 2nd quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 1,200 shares during the period. Larson Financial Group LLC purchased a new position in Invesco QQQ Trust in the 2nd quarter valued at approximately $29,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Invesco QQQ Trust in the 2nd quarter valued at approximately $44,000. Prestige Wealth Management Group LLC purchased a new position in Invesco QQQ Trust in the 2nd quarter valued at approximately $68,000. Finally, Lenox Wealth Management Inc. boosted its position in Invesco QQQ Trust by 33.8% in the 2nd quarter. Lenox Wealth Management Inc. now owns 475 shares of the exchange traded fund’s stock valued at $88,000 after buying an additional 120 shares during the period. 44.69% of the stock is owned by institutional investors.

Shares of QQQ stock opened at $191.11 on Friday. Invesco QQQ Trust has a 52 week low of $143.46 and a 52 week high of $195.55. The firm has a 50 day moving average of $188.63 and a two-hundred day moving average of $186.53.

The firm also recently declared a — dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, September 24th will be given a $0.3842 dividend. The ex-dividend date is Monday, September 23rd. This represents a yield of 0.8%.

Invesco QQQ Trust 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.

See Also: Balanced Fund

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

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