Blackhawk Capital Partners LLC. Buys 304 Shares of Invesco QQQ (NASDAQ:QQQ)

by · The Markets Daily

Blackhawk Capital Partners LLC. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 53.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 869 shares of the exchange traded fund’s stock after purchasing an additional 304 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Invesco QQQ were worth $424,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. Northeast Investment Management boosted its stake in shares of Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after acquiring an additional 20 shares in the last quarter. Planning Capital Management Corp boosted its position in shares of Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 20 shares during the period. Prospect Financial Services LLC boosted its position in shares of Invesco QQQ by 0.3% in the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after purchasing an additional 21 shares during the period. Skyline Advisors Inc. raised its holdings in Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after buying an additional 21 shares during the period. Finally, Madden Advisory Services Inc. boosted its holdings in shares of Invesco QQQ by 0.9% in the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock worth $1,214,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $503.17 on Thursday. The stock’s 50 day moving average price is $491.83 and its 200 day moving average price is $476.02. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ Profile

(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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