Invesco QQQ (NASDAQ:QQQ) Shares Bought by Riverstone Advisors LLC

Riverstone Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 8.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,876 shares of the exchange traded fund’s stock after acquiring an additional 751 shares during the period. Invesco QQQ accounts for approximately 2.8% of Riverstone Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Riverstone Advisors LLC’s holdings in Invesco QQQ were worth $4,820,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ in the 1st quarter valued at approximately $28,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ in the second quarter worth $30,000. Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ in the first quarter worth $40,000. CGC Financial Services LLC increased its holdings in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the period. Finally, PFG Private Wealth Management LLC lifted its holdings in Invesco QQQ by 572.2% during the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1 %

NASDAQ QQQ opened at $514.14 on Friday. The business’s 50-day moving average price is $484.62 and its two-hundred day moving average price is $471.30. Invesco QQQ has a 12 month low of $369.57 and a 12 month high of $514.92.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.53%.

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.