Invesco QQQ (NASDAQ:QQQ) is Clarity Wealth Advisors LLC’s 4th Largest Position

Clarity Wealth Advisors LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,601 shares of the exchange traded fund’s stock after acquiring an additional 1,170 shares during the quarter. Invesco QQQ makes up about 7.3% of Clarity Wealth Advisors LLC’s holdings, making the stock its 4th largest position. Clarity Wealth Advisors LLC’s holdings in Invesco QQQ were worth $25,185,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Assets Advisory LLC bought a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $1,580,776,000. Steel Grove Capital Advisors LLC lifted its stake in Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after purchasing an additional 3,102,568 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after purchasing an additional 2,762,571 shares during the period. Granite Bay Wealth Management LLC increased its position in Invesco QQQ by 6,215.5% in the second 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 last quarter. Finally, Harvard Management Co. Inc. purchased a new stake in Invesco QQQ in the first quarter worth $304,591,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

Shares of NASDAQ QQQ opened at $494.47 on Friday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The business’s fifty day moving average price is $477.68 and its 200-day moving average price is $464.99.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. 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.