Invesco QQQ (NASDAQ:QQQ) is My Personal CFO LLC’s 5th Largest Position

My Personal CFO LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,698 shares of the exchange traded fund’s stock after buying an additional 44 shares during the quarter. Invesco QQQ comprises approximately 4.2% of My Personal CFO LLC’s portfolio, making the stock its 5th biggest holding. My Personal CFO LLC’s holdings in Invesco QQQ were worth $7,662,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Riverview Trust Co acquired a new position in Invesco QQQ in the first quarter valued at $48,000. Sound Income Strategies LLC grew its holdings in shares of Invesco QQQ by 230.0% during the 1st quarter. Sound Income Strategies LLC now owns 4,749 shares of the exchange traded fund’s stock worth $2,109,000 after purchasing an additional 3,310 shares during the period. RMR Wealth Builders increased its position in Invesco QQQ by 0.4% during the 1st quarter. RMR Wealth Builders now owns 11,214 shares of the exchange traded fund’s stock worth $4,979,000 after purchasing an additional 50 shares in the last quarter. Brookstone Capital Management raised its holdings in Invesco QQQ by 2.1% in the first quarter. Brookstone Capital Management now owns 339,717 shares of the exchange traded fund’s stock valued at $150,838,000 after buying an additional 6,881 shares during the period. Finally, Whitcomb & Hess Inc. acquired a new position in Invesco QQQ during the first quarter valued at approximately $355,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $495.96 on Wednesday. The firm has a fifty day moving average of $479.23 and a 200-day moving average of $465.96. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a $0.677 dividend. 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.

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.