Apollon Wealth Management LLC Grows Position in Invesco QQQ $QQQ

Apollon Wealth Management LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 1.1% in the 3rd quarter, Holdings Channel reports. The fund owned 90,526 shares of the exchange traded fund’s stock after acquiring an additional 950 shares during the quarter. Invesco QQQ accounts for 1.0% of Apollon Wealth Management LLC’s holdings, making the stock its 15th largest holding. Apollon Wealth Management LLC’s holdings in Invesco QQQ were worth $54,349,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Morgan Dempsey Capital Management LLC purchased a new position in Invesco QQQ during the second quarter worth approximately $30,000. Navigoe LLC grew its holdings in Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 45 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ in the 2nd quarter worth $41,000. Moser Wealth Advisors LLC raised its holdings in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 93 shares during the period. Finally, Canoe Financial LP purchased a new position in shares of Invesco QQQ during the 3rd quarter worth $64,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.0%

NASDAQ:QQQ opened at $623.89 on Friday. The company’s 50-day moving average is $616.25 and its two-hundred day moving average is $586.91. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a $0.7941 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

About Invesco QQQ

(Free Report)

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.

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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 (NASDAQ:QQQFree Report).

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

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