Invesco QQQ (NASDAQ:QQQ) Shares Bought by Advance Capital Management Inc.

Advance Capital Management Inc. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,707 shares of the exchange traded fund’s stock after acquiring an additional 493 shares during the quarter. Invesco QQQ makes up 0.1% of Advance Capital Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Advance Capital Management Inc.’s holdings in Invesco QQQ were worth $3,274,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Atwater Malick LLC acquired a new position in Invesco QQQ in the first quarter valued at $293,000. Westwood Holdings Group Inc. boosted its stake in Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after purchasing an additional 1,993 shares during the period. GenWealth Group Inc. grew its position in Invesco QQQ by 5.8% during the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after purchasing an additional 2,325 shares during the last quarter. Socha Financial Group LLC increased its stake in Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after purchasing an additional 1,153 shares during the period. Finally, SVB Wealth LLC raised its holdings in shares of Invesco QQQ by 15.2% in the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after buying an additional 2,453 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $482.10 on Tuesday. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The business’s 50-day moving average price is $469.56 and its 200 day moving average price is $461.81.

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 issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Monday, September 23rd.

About Invesco QQQ

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.