Flow Traders U.S. LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Flow Traders U.S. LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,621 shares of the exchange traded fund’s stock, valued at approximately $791,000.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. International Assets Investment Management LLC increased its stake in 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 valued at $15,904,322,000 after purchasing an additional 32,516,210 shares in the last quarter. Strategic Financial Concepts LLC increased its position in shares of Invesco QQQ by 18,691.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after buying an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC raised its stake in Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after buying an additional 894,532 shares during the period. Mirae Asset Securities USA Inc. bought a new position in Invesco QQQ during the second quarter worth about $215,600,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in Invesco QQQ by 6,880.6% in the second quarter. CBIZ Investment Advisory Services LLC now owns 395,588 shares of the exchange traded fund’s stock valued at $189,530,000 after acquiring an additional 389,921 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $516.87 on Wednesday. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $517.15. The business’s 50 day simple moving average is $497.40 and its 200 day simple moving average is $480.28.

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 given a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date 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.