Financial Counselors Inc. Acquires 410 Shares of Invesco QQQ (NASDAQ:QQQ)

Financial Counselors Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.1% in the third quarter, Holdings Channel reports. The firm owned 10,300 shares of the exchange traded fund’s stock after acquiring an additional 410 shares during the period. Financial Counselors Inc.’s holdings in Invesco QQQ were worth $5,027,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Fiduciary Trust Co increased its position in shares of Invesco QQQ by 4.4% during the third quarter. Fiduciary Trust Co now owns 5,508 shares of the exchange traded fund’s stock worth $2,688,000 after acquiring an additional 230 shares during the period. National Wealth Management Group LLC grew its stake in Invesco QQQ by 9.6% in the third quarter. National Wealth Management Group LLC now owns 10,546 shares of the exchange traded fund’s stock worth $5,147,000 after purchasing an additional 922 shares in the last quarter. First Commonwealth Financial Corp PA increased its holdings in Invesco QQQ by 4.6% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 3,402 shares of the exchange traded fund’s stock worth $1,660,000 after purchasing an additional 151 shares during the period. Corsair Capital Management L.P. raised its position in Invesco QQQ by 166.7% during the 3rd quarter. Corsair Capital Management L.P. now owns 24,000 shares of the exchange traded fund’s stock valued at $11,714,000 after purchasing an additional 15,000 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its holdings in shares of Invesco QQQ by 17.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 59,416 shares of the exchange traded fund’s stock worth $28,999,000 after buying an additional 8,944 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $505.30 on Friday. The stock’s fifty day moving average price is $495.58 and its 200-day moving average price is $478.50. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.54%.

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.