Blackhawk Capital Partners LLC. Has $424,000 Stake in Invesco QQQ (NASDAQ:QQQ)

Blackhawk Capital Partners LLC. increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 53.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 869 shares of the exchange traded fund’s stock after acquiring an additional 304 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Invesco QQQ were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ during the 1st quarter worth $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ during the second quarter valued at approximately $30,000. Chelsea Counsel Co. purchased a new stake in Invesco QQQ in the first quarter worth about $40,000. CGC Financial Services LLC raised its holdings in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Finally, Legacy Bridge LLC grew its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.1 %

Shares of QQQ stock opened at $503.17 on Thursday. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58. The company has a 50 day moving average price of $491.83 and a 200-day moving average price of $476.02.

Invesco QQQ Cuts Dividend

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

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.