Silver Oak Securities Incorporated Has $15.95 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Silver Oak Securities Incorporated raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 48.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 32,807 shares of the exchange traded fund’s stock after purchasing an additional 10,656 shares during the period. Invesco QQQ makes up 1.7% of Silver Oak Securities Incorporated’s portfolio, making the stock its 5th biggest position. Silver Oak Securities Incorporated’s holdings in Invesco QQQ were worth $15,948,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Transform Wealth LLC bought a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $456,000. Register Financial Advisors LLC lifted its holdings in shares of Invesco QQQ by 4.1% in the 1st quarter. Register Financial Advisors LLC now owns 835 shares of the exchange traded fund’s stock worth $371,000 after acquiring an additional 33 shares during the last quarter. Ameliora Wealth Management Ltd. lifted its holdings in shares of Invesco QQQ by 15.9% in the 1st quarter. Ameliora Wealth Management Ltd. now owns 7,290 shares of the exchange traded fund’s stock worth $3,237,000 after acquiring an additional 1,000 shares during the last quarter. Atwater Malick LLC bought a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $293,000. Finally, Silverleafe Capital Partners LLC lifted its holdings in shares of Invesco QQQ by 0.5% in the 1st quarter. Silverleafe Capital Partners LLC now owns 40,634 shares of the exchange traded fund’s stock worth $18,042,000 after acquiring an additional 215 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $492.32 on Friday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The firm has a 50 day moving average price of $479.75 and a 200-day moving average price of $466.12.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.

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.