Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Pachira Investments Inc.

Pachira Investments Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 13.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,986 shares of the exchange traded fund’s stock after purchasing an additional 1,608 shares during the quarter. Invesco QQQ accounts for approximately 5.3% of Pachira Investments Inc.’s investment portfolio, making the stock its 8th biggest position. Pachira Investments Inc.’s holdings in Invesco QQQ were worth $6,826,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. Prospect Financial Services LLC boosted its holdings in 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 last quarter. Skyline Advisors Inc. lifted its position in shares of Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after purchasing an additional 21 shares during the period. Sweeney & Michel LLC boosted its stake in shares of Invesco QQQ by 4.0% in the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after purchasing an additional 22 shares during the last quarter. Family Firm Inc. increased its position in shares of Invesco QQQ by 3.1% during the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after buying an additional 22 shares during the period. Finally, Merriman Wealth Management LLC raised its stake in Invesco QQQ by 0.5% during the second quarter. Merriman Wealth Management LLC now owns 5,044 shares of the exchange traded fund’s stock worth $2,420,000 after buying an additional 23 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

Shares of QQQ opened at $494.47 on Friday. The firm’s fifty day simple moving average is $477.68 and its two-hundred day simple moving average is $464.82. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend 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.