High Note Wealth LLC Buys 1,104 Shares of Invesco QQQ (NASDAQ:QQQ)

High Note Wealth LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,006 shares of the exchange traded fund’s stock after purchasing an additional 1,104 shares during the period. Invesco QQQ comprises about 2.1% of High Note Wealth LLC’s investment portfolio, making the stock its 16th biggest position. High Note Wealth LLC’s holdings in Invesco QQQ were worth $7,324,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Prospect Financial Services LLC raised its stake in shares of Invesco QQQ by 0.3% in the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after acquiring an additional 21 shares during the period. Skyline Advisors Inc. raised its stake in shares of Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after acquiring an additional 21 shares during the period. Sweeney & Michel LLC raised its stake in shares of Invesco QQQ by 4.0% in the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after acquiring an additional 22 shares during the period. Family Firm Inc. raised its stake in shares of Invesco QQQ by 3.1% in the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after acquiring an additional 22 shares during the period. Finally, Merriman Wealth Management LLC raised its stake in shares of Invesco QQQ by 0.5% in the second quarter. Merriman Wealth Management LLC now owns 5,044 shares of the exchange traded fund’s stock valued at $2,420,000 after acquiring an additional 23 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $493.15 on Thursday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The company’s fifty day simple moving average is $470.56 and its 200-day simple moving average is $462.37.

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 paid a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date is Monday, September 23rd.

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.