Strategic Family Wealth Counselors L.L.C. Increases Position in Invesco QQQ (NASDAQ:QQQ)

Strategic Family Wealth Counselors L.L.C. lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,565 shares of the exchange traded fund’s stock after purchasing an additional 77 shares during the period. Invesco QQQ comprises approximately 1.1% of Strategic Family Wealth Counselors L.L.C.’s portfolio, making the stock its 29th largest holding. Strategic Family Wealth Counselors L.L.C.’s holdings in Invesco QQQ were worth $3,204,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC increased its position in shares of Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after acquiring an additional 32,516,210 shares during the period. Ameriprise Financial Inc. increased its stake in Invesco QQQ by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after purchasing an additional 338,494 shares in the last quarter. Steel Grove Capital Advisors LLC increased its position in shares of Invesco QQQ by 934.0% in the 1st 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 acquiring an additional 3,102,568 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco QQQ by 1.1% in 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 purchasing an additional 33,790 shares during the period. Finally, Strategic Financial Concepts LLC raised its position in Invesco QQQ by 18,691.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after buying an additional 2,762,571 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.0 %

Shares of Invesco QQQ stock traded down $0.06 during trading on Friday, hitting $513.48. 5,738,792 shares of the company’s stock were exchanged, compared to its average volume of 38,342,688. The business has a 50-day simple moving average of $483.00 and a 200-day simple moving average of $470.34. Invesco QQQ has a 52-week low of $369.57 and a 52-week high of $514.33.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.53%.

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.