Invesco QQQ (NASDAQ:QQQ) Holdings Lifted by Lion Street Advisors LLC

Lion Street Advisors LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,475 shares of the exchange traded fund’s stock after acquiring an additional 653 shares during the period. Invesco QQQ makes up 2.8% of Lion Street Advisors LLC’s portfolio, making the stock its 2nd biggest position. Lion Street Advisors LLC’s holdings in Invesco QQQ were worth $8,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Optimist Retirement Group LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $2,765,000. Aspect Partners LLC acquired a new position in Invesco QQQ during the 4th quarter worth approximately $302,000. SageView Advisory Group LLC purchased a new position in Invesco QQQ in the 4th quarter worth approximately $10,791,000. Madison Wealth Partners Inc grew its position in Invesco QQQ by 6.5% in the fourth quarter. Madison Wealth Partners Inc now owns 13,649 shares of the exchange traded fund’s stock valued at $5,590,000 after acquiring an additional 830 shares in the last quarter. Finally, FIL Ltd raised its stake in shares of Invesco QQQ by 32.3% during the fourth quarter. FIL Ltd now owns 587,749 shares of the exchange traded fund’s stock valued at $240,695,000 after purchasing an additional 143,617 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $493.36 on Friday. The firm has a fifty day simple moving average of $472.55 and a 200-day simple moving average of $463.13. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.