Gradient Investments LLC Boosts Stake in Invesco QQQ $QQQ

Gradient Investments LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 39.6% during the 3rd quarter, Holdings Channel reports. The fund owned 13,107 shares of the exchange traded fund’s stock after purchasing an additional 3,716 shares during the period. Gradient Investments LLC’s holdings in Invesco QQQ were worth $7,869,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in QQQ. Kingstone Capital Partners Texas LLC grew its stake in Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after purchasing an additional 67,605,770 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Invesco QQQ by 42.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock valued at $2,700,424,000 after buying an additional 1,457,109 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco QQQ by 0.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock worth $1,778,116,000 after buying an additional 22,220 shares during the last quarter. HRT Financial LP raised its stake in shares of Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after acquiring an additional 1,704,600 shares in the last quarter. Finally, Symphony Financial Ltd. Co. bought a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $1,236,482,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $600.41 on Thursday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The company has a 50 day moving average of $613.62 and a two-hundred day moving average of $582.45.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were given a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.