Americana Partners LLC Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Americana Partners LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 191.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,789 shares of the exchange traded fund’s stock after acquiring an additional 3,800 shares during the quarter. Americana Partners LLC’s holdings in Invesco QQQ were worth $2,825,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Gladstone Institutional Advisory LLC raised its stake in Invesco QQQ by 16.6% in the third quarter. Gladstone Institutional Advisory LLC now owns 30,247 shares of the exchange traded fund’s stock valued at $14,763,000 after purchasing an additional 4,315 shares in the last quarter. Shepherd Financial Partners LLC increased its holdings in shares of Invesco QQQ by 0.9% in the 3rd quarter. Shepherd Financial Partners LLC now owns 12,627 shares of the exchange traded fund’s stock worth $6,163,000 after buying an additional 117 shares during the last quarter. Caas Capital Management LP increased its holdings in shares of Invesco QQQ by 133.9% in the 3rd quarter. Caas Capital Management LP now owns 16,022 shares of the exchange traded fund’s stock worth $7,820,000 after buying an additional 9,171 shares during the last quarter. Sensible Financial Planning & Management LLC. purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at $314,000. Finally, William Howard & Co Financial Advisors Inc grew its position in Invesco QQQ by 16.3% in the third quarter. William Howard & Co Financial Advisors Inc now owns 1,806 shares of the exchange traded fund’s stock worth $882,000 after acquiring an additional 253 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.2 %

QQQ stock traded up $5.81 during mid-day trading on Friday, hitting $489.66. 14,403,884 shares of the stock were exchanged, compared to its average volume of 38,546,188. The business has a fifty day moving average price of $481.65 and a 200 day moving average price of $468.15. Invesco QQQ has a 12 month low of $360.30 and a 12 month high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ Company 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.