Stratos Wealth Advisors LLC Purchases 6,587 Shares of Invesco QQQ (NASDAQ:QQQ)

Stratos Wealth Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 19.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,905 shares of the exchange traded fund’s stock after purchasing an additional 6,587 shares during the quarter. Invesco QQQ makes up about 0.9% of Stratos Wealth Advisors LLC’s portfolio, making the stock its 18th largest position. Stratos Wealth Advisors LLC’s holdings in Invesco QQQ were worth $19,477,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ during the 1st quarter valued at $28,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ during the second quarter valued at about $30,000. Chelsea Counsel Co. bought a new position in shares of Invesco QQQ during the 1st quarter worth about $40,000. CGC Financial Services LLC grew its stake in shares of Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. increased its position in Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7 %

Shares of NASDAQ:QQQ opened at $494.47 on Friday. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The business’s 50 day simple moving average is $477.68 and its two-hundred day simple moving average is $464.82.

Invesco QQQ Cuts Dividend

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

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.