C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Boosts Position in Invesco QQQ (NASDAQ:QQQ)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Invesco QQQ (NASDAQ:QQQ) by 27.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,185 shares of the exchange traded fund’s stock after acquiring an additional 3,868 shares during the quarter. Invesco QQQ accounts for about 0.8% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ investment portfolio, making the stock its 27th largest holding. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Invesco QQQ were worth $8,876,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of QQQ. Gill Capital Partners LLC grew its position in shares of Invesco QQQ by 16.4% during the third quarter. Gill Capital Partners LLC now owns 12,942 shares of the exchange traded fund’s stock worth $6,317,000 after buying an additional 1,823 shares in the last quarter. Sovereign Financial Group Inc. lifted its stake in Invesco QQQ by 3.9% during the third quarter. Sovereign Financial Group Inc. now owns 34,638 shares of the exchange traded fund’s stock worth $16,906,000 after purchasing an additional 1,293 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its holdings in shares of Invesco QQQ by 0.7% during the third quarter. Strategic Wealth Partners Ltd. now owns 21,987 shares of the exchange traded fund’s stock valued at $10,731,000 after acquiring an additional 149 shares during the period. Marquette Asset Management LLC boosted its holdings in shares of Invesco QQQ by 10.0% during the third quarter. Marquette Asset Management LLC now owns 1,988 shares of the exchange traded fund’s stock valued at $970,000 after acquiring an additional 181 shares during the period. Finally, Gratus Wealth Advisors LLC boosted its holdings in shares of Invesco QQQ by 1.7% during the third quarter. Gratus Wealth Advisors LLC now owns 67,242 shares of the exchange traded fund’s stock valued at $32,417,000 after acquiring an additional 1,122 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $489.30 on Wednesday. The firm has a fifty day moving average of $470.56 and a 200-day moving average of $462.37. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued 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 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.