Tsfg LLC Buys 2,012 Shares of Invesco QQQ (NASDAQ:QQQ)

Tsfg LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 15.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,308 shares of the exchange traded fund’s stock after acquiring an additional 2,012 shares during the quarter. Invesco QQQ makes up 1.6% of Tsfg LLC’s investment portfolio, making the stock its 14th largest position. Tsfg LLC’s holdings in Invesco QQQ were worth $7,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of QQQ. Crescent Sterling Ltd. purchased a new position in Invesco QQQ during the 3rd quarter valued at about $294,000. Opal Wealth Advisors LLC raised its stake in Invesco QQQ by 8.9% in the third quarter. Opal Wealth Advisors LLC now owns 842 shares of the exchange traded fund’s stock worth $411,000 after buying an additional 69 shares in the last quarter. Capstone Wealth Management Group LLC lifted its stake in shares of Invesco QQQ by 1.2% in the 3rd quarter. Capstone Wealth Management Group LLC now owns 13,549 shares of the exchange traded fund’s stock valued at $6,613,000 after purchasing an additional 156 shares during the period. EdgeRock Capital LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at $7,593,000. Finally, ERn Financial LLC grew its position in shares of Invesco QQQ by 34.6% in the 3rd quarter. ERn Financial LLC now owns 890 shares of the exchange traded fund’s stock worth $435,000 after buying an additional 229 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.3 %

Shares of Invesco QQQ stock opened at $490.85 on Wednesday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The company has a 50-day moving average of $474.82 and a 200 day moving average of $464.10.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.