Larson Financial Group LLC Increases Stock Position in Invesco QQQ Trust (NASDAQ:QQQ)

Larson Financial Group LLC raised its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 1,611.0% during the third quarter, Holdings Channel.com reports. The firm owned 2,652 shares of the exchange traded fund’s stock after purchasing an additional 2,497 shares during the quarter. Larson Financial Group LLC’s holdings in Invesco QQQ Trust were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley boosted its stake in shares of Invesco QQQ Trust by 59.8% during the 2nd quarter. Morgan Stanley now owns 17,764,053 shares of the exchange traded fund’s stock worth $3,317,260,000 after acquiring an additional 6,650,061 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in shares of Invesco QQQ Trust during the 2nd quarter worth approximately $8,993,000. Thoroughbred Financial Services LLC boosted its stake in shares of Invesco QQQ Trust by 19,082.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 5,919,517 shares of the exchange traded fund’s stock worth $591,952,000 after acquiring an additional 5,888,658 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Invesco QQQ Trust by 6.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,540,270 shares of the exchange traded fund’s stock worth $287,630,000 after acquiring an additional 97,802 shares in the last quarter. Finally, Charles Schwab Investment Advisory Inc. boosted its stake in shares of Invesco QQQ Trust by 158.7% during the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 1,532,770 shares of the exchange traded fund’s stock worth $286,230,000 after acquiring an additional 940,217 shares in the last quarter. 44.69% of the stock is currently owned by institutional investors.

Shares of NASDAQ:QQQ traded up $3.67 during trading on Friday, hitting $192.35. 1,703,306 shares of the stock were exchanged, compared to its average volume of 30,691,644. The company has a fifty day moving average price of $188.56 and a two-hundred day moving average price of $186.46. Invesco QQQ Trust has a 12-month low of $143.46 and a 12-month high of $195.55.



The company also recently declared a — dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, September 24th will be paid a dividend of $0.3842 per share. This represents a dividend yield of 0.8%. The ex-dividend date is Monday, September 23rd.

Invesco QQQ Trust 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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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