Greystone Financial Group LLC Buys 2,374 Shares of Invesco QQQ (NASDAQ:QQQ)

Greystone Financial Group LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 81.9% during the third quarter, Holdings Channel reports. The institutional investor owned 5,271 shares of the exchange traded fund’s stock after buying an additional 2,374 shares during the period. Greystone Financial Group LLC’s holdings in Invesco QQQ were worth $2,572,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Beese Fulmer Investment Management Inc. lifted its stake in shares of Invesco QQQ by 6.7% during the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 993 shares of the exchange traded fund’s stock valued at $485,000 after buying an additional 62 shares in the last quarter. X Square Capital LLC raised its holdings in Invesco QQQ by 146.5% during the third quarter. X Square Capital LLC now owns 1,977 shares of the exchange traded fund’s stock valued at $965,000 after acquiring an additional 1,175 shares during the period. Patrick M Sweeney & Associates Inc. lifted its position in shares of Invesco QQQ by 3.1% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 3,930 shares of the exchange traded fund’s stock valued at $1,918,000 after acquiring an additional 117 shares in the last quarter. Great Lakes Retirement Inc. lifted its position in shares of Invesco QQQ by 4.6% in the third quarter. Great Lakes Retirement Inc. now owns 7,553 shares of the exchange traded fund’s stock valued at $3,687,000 after acquiring an additional 330 shares in the last quarter. Finally, Tanager Wealth Management LLP boosted its stake in shares of Invesco QQQ by 1.8% in the third quarter. Tanager Wealth Management LLP now owns 2,085 shares of the exchange traded fund’s stock worth $1,019,000 after acquiring an additional 37 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $492.32 on Friday. The business’s 50 day moving average is $479.75 and its 200 day moving average is $466.12. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

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.