Tyler Stone Wealth Management Buys 5,515 Shares of Invesco QQQ (NASDAQ:QQQ)

Tyler Stone Wealth Management increased its stake in Invesco QQQ (NASDAQ:QQQ) by 112.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,427 shares of the exchange traded fund’s stock after purchasing an additional 5,515 shares during the quarter. Invesco QQQ makes up approximately 1.0% of Tyler Stone Wealth Management’s portfolio, making the stock its 22nd biggest holding. Tyler Stone Wealth Management’s holdings in Invesco QQQ were worth $5,089,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of QQQ. International Assets Investment Management LLC increased its stake in shares of Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after buying an additional 338,494 shares during the period. Steel Grove Capital Advisors LLC grew its stake in Invesco QQQ by 934.0% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after buying an additional 3,102,568 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco QQQ by 1.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock valued at $1,532,904,000 after acquiring an additional 33,790 shares during the period. Finally, Strategic Financial Concepts LLC lifted its position in shares of Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after acquiring an additional 2,762,571 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded up $0.60 during mid-day trading on Friday, hitting $514.14. The company had a trading volume of 22,924,483 shares, compared to its average volume of 38,420,211. Invesco QQQ has a 1 year low of $369.57 and a 1 year high of $514.92. The stock’s 50-day moving average price is $484.62 and its 200-day moving average price is $471.30.

Invesco QQQ Cuts Dividend

The business also recently announced 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. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

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.