Sound Income Strategies LLC Buys 5,428 Shares of Invesco QQQ (NASDAQ:QQQ)

Sound Income Strategies LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 90.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,450 shares of the exchange traded fund’s stock after purchasing an additional 5,428 shares during the quarter. Sound Income Strategies LLC’s holdings in Invesco QQQ were worth $5,589,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its position in shares of Invesco QQQ by 7.3% during the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after buying an additional 338,494 shares during the period. Global Assets Advisory LLC purchased a new position in Invesco QQQ in the first quarter worth $1,580,776,000. Steel Grove Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 934.0% during 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 buying an additional 3,102,568 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco QQQ by 1.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock valued at $1,532,904,000 after buying an additional 33,790 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in shares of 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 buying an additional 2,762,571 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ traded up $0.77 during mid-day trading on Friday, hitting $493.36. The company’s stock had a trading volume of 20,644,497 shares, compared to its average volume of 39,311,230. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The business’s fifty day moving average is $472.55 and its two-hundred day moving average is $463.27.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.55%.

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.