Principal Securities Inc. Has $20.85 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Principal Securities Inc. grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,708 shares of the exchange traded fund’s stock after purchasing an additional 890 shares during the period. Principal Securities Inc.’s holdings in Invesco QQQ were worth $20,845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stephens Inc. AR increased its holdings in Invesco QQQ by 5.0% during the third quarter. Stephens Inc. AR now owns 266,247 shares of the exchange traded fund’s stock worth $129,947,000 after buying an additional 12,738 shares during the last quarter. Pacific Wealth Strategies Group Inc. increased its holdings in shares of Invesco QQQ by 10.0% in the third quarter. Pacific Wealth Strategies Group Inc. now owns 21,443 shares of the exchange traded fund’s stock valued at $10,466,000 after purchasing an additional 1,954 shares during the last quarter. Palumbo Wealth Management LLC increased its holdings in shares of Invesco QQQ by 0.3% in the third quarter. Palumbo Wealth Management LLC now owns 10,705 shares of the exchange traded fund’s stock valued at $5,225,000 after purchasing an additional 33 shares during the last quarter. Nikulski Financial Inc. increased its holdings in shares of Invesco QQQ by 1.7% in the third quarter. Nikulski Financial Inc. now owns 19,039 shares of the exchange traded fund’s stock valued at $9,292,000 after purchasing an additional 316 shares during the last quarter. Finally, Bank Hapoalim BM increased its holdings in shares of Invesco QQQ by 5.5% in the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock valued at $59,250,000 after purchasing an additional 6,347 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 2.5 %

NASDAQ:QQQ opened at $483.85 on Friday. Invesco QQQ has a one year low of $346.62 and a one year high of $503.52. The firm’s fifty day moving average price is $481.65 and its two-hundred day moving average price is $468.15.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.56%.

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.