Invesco QQQ $QQQ Stock Position Raised by Prospera Financial Services Inc

by · The Cerbat Gem

Prospera Financial Services Inc increased its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,898 shares of the exchange traded fund’s stock after buying an additional 14,872 shares during the period. Invesco QQQ comprises about 1.6% of Prospera Financial Services Inc’s holdings, making the stock its 5th largest position. Prospera Financial Services Inc’s holdings in Invesco QQQ were worth $94,620,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Strategic Financial Concepts LLC boosted its position in shares of Invesco QQQ by 12.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,989 shares of the exchange traded fund’s stock worth $3,065,000 after buying an additional 550 shares in the last quarter. Flagstone Financial Management purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $339,000. Coldstream Capital Management Inc. increased its position in Invesco QQQ by 55.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 30,192 shares of the exchange traded fund’s stock worth $18,547,000 after buying an additional 10,708 shares in the last quarter. Pathfinder Wealth Consulting Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter worth $284,000. Finally, Carroll Advisory Group LLC acquired a new position in shares of Invesco QQQ in the fourth quarter worth $3,138,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Price Performance

NASDAQ QQQ opened at $717.54 on Friday. Invesco QQQ has a fifty-two week low of $505.58 and a fifty-two week high of $722.12. The business has a fifty day moving average of $638.80 and a 200-day moving average of $623.07.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

About Invesco QQQ

(Free Report)

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.

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