Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Acorn Financial Advisory Services Inc. ADV

Acorn Financial Advisory Services Inc. ADV increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,835 shares of the exchange traded fund’s stock after buying an additional 1,332 shares during the quarter. Invesco QQQ comprises approximately 2.5% of Acorn Financial Advisory Services Inc. ADV’s investment portfolio, making the stock its 11th largest holding. Acorn Financial Advisory Services Inc. ADV’s holdings in Invesco QQQ were worth $14,073,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of QQQ. Westwood Holdings Group Inc. increased its stake in shares of Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after purchasing an additional 1,993 shares in the last quarter. Socha Financial Group LLC grew its position in shares of Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares during the period. Bank Hapoalim BM increased its stake in shares of Invesco QQQ by 5.5% during the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after purchasing an additional 6,347 shares in the last quarter. SVB Wealth LLC boosted its holdings in Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after buying an additional 2,453 shares during the last quarter. Finally, Invictus Private Wealth LLC lifted its holdings in Invesco QQQ by 1.3% in the 3rd quarter. Invictus Private Wealth LLC now owns 334,023 shares of the exchange traded fund’s stock valued at $163,026,000 after purchasing an additional 4,139 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded up $0.60 during midday trading on Friday, hitting $514.14. The company’s stock had a trading volume of 22,924,483 shares, compared to its average volume of 38,420,211. Invesco QQQ has a 12-month low of $369.57 and a 12-month high of $514.92. The business’s 50 day simple moving average is $484.62 and its 200 day simple moving average is $471.30.

Invesco QQQ Cuts Dividend

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

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.