Invesco QQQ $QQQ Holdings Boosted by Mission Hills Financial Advisory LLC

Mission Hills Financial Advisory LLC increased its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,507 shares of the exchange traded fund’s stock after purchasing an additional 1,260 shares during the quarter. Invesco QQQ accounts for 6.2% of Mission Hills Financial Advisory LLC’s investment portfolio, making the stock its 7th biggest position. Mission Hills Financial Advisory LLC’s holdings in Invesco QQQ were worth $11,712,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. Fifth Third Securities Inc. grew its holdings in Invesco QQQ by 2.6% during the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after purchasing an additional 2,822 shares during the period. SK Wealth Management LLC purchased a new stake in Invesco QQQ during the third quarter valued at $803,000. Great Point Wealth Advisors LLC purchased a new stake in Invesco QQQ during the third quarter valued at approximately $507,000. BCGM Wealth Management LLC increased its position in Invesco QQQ by 13.6% during the second quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after acquiring an additional 3,066 shares during the last quarter. Finally, Gateway Investment Advisers LLC bought a new position in shares of Invesco QQQ during the third quarter valued at approximately $2,086,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.2%

QQQ stock opened at $621.87 on Friday. The firm’s 50-day moving average is $619.83 and its 200 day moving average is $600.54. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a dividend of $0.7941 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd.

Invesco QQQ News Roundup

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

Invesco QQQ Company Profile

(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.

Further Reading

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)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.