Atlas Private Wealth Advisors Acquires 7,424 Shares of Invesco QQQ (NASDAQ:QQQ)

Atlas Private Wealth Advisors raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 44.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,234 shares of the exchange traded fund’s stock after acquiring an additional 7,424 shares during the quarter. Invesco QQQ makes up about 1.7% of Atlas Private Wealth Advisors’ investment portfolio, making the stock its 17th biggest position. Atlas Private Wealth Advisors’ holdings in Invesco QQQ were worth $11,830,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mountain Pacific Investment Advisers LLC increased its holdings in shares of Invesco QQQ by 6.6% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 871 shares of the exchange traded fund’s stock worth $425,000 after purchasing an additional 54 shares during the last quarter. High Note Wealth LLC increased its holdings in shares of Invesco QQQ by 7.9% in the third quarter. High Note Wealth LLC now owns 15,006 shares of the exchange traded fund’s stock worth $7,324,000 after purchasing an additional 1,104 shares during the last quarter. Patten Group Inc. increased its holdings in shares of Invesco QQQ by 3.3% in the third quarter. Patten Group Inc. now owns 1,539 shares of the exchange traded fund’s stock worth $751,000 after purchasing an additional 49 shares during the last quarter. Sanibel Captiva Trust Company Inc. increased its holdings in shares of Invesco QQQ by 11.2% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 5,483 shares of the exchange traded fund’s stock worth $2,676,000 after purchasing an additional 553 shares during the last quarter. Finally, Wedmont Private Capital increased its holdings in shares of Invesco QQQ by 0.7% in the third quarter. Wedmont Private Capital now owns 18,848 shares of the exchange traded fund’s stock worth $9,087,000 after purchasing an additional 140 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.8 %

Shares of QQQ stock opened at $493.15 on Thursday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The stock’s 50-day moving average price is $471.00 and its 200-day moving average price is $462.58.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be given a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.55%.

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.