Heritage Wealth Management Inc. Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Heritage Wealth Management Inc. boosted its position in Invesco QQQ (NASDAQ:QQQ) by 19.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 697 shares of the exchange traded fund’s stock after buying an additional 112 shares during the period. Heritage Wealth Management Inc.’s holdings in Invesco QQQ were worth $340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Northeast Investment Management grew its holdings in shares of Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after purchasing an additional 20 shares during the last quarter. Prospect Financial Services LLC increased its holdings 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 acquiring an additional 21 shares during the period. Skyline Advisors Inc. grew its stake in Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 21 shares during the last quarter. Madden Advisory Services Inc. raised its stake in shares of Invesco QQQ by 0.9% during the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock worth $1,214,000 after acquiring an additional 21 shares in the last quarter. Finally, Sweeney & Michel LLC increased its position in shares of Invesco QQQ by 4.0% during the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ traded up $0.01 during mid-day trading on Friday, hitting $513.55. 3,020,597 shares of the company traded hands, compared to its average volume of 38,324,012. The business has a 50 day moving average of $483.00 and a 200 day moving average of $470.34. Invesco QQQ has a 1-year low of $369.57 and a 1-year high of $514.33.

Invesco QQQ Cuts Dividend

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

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.