Moors & Cabot Inc. Has $11.25 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Moors & Cabot Inc. increased its position in Invesco QQQ (NASDAQ:QQQ) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,042 shares of the exchange traded fund’s stock after purchasing an additional 424 shares during the quarter. Moors & Cabot Inc.’s holdings in Invesco QQQ were worth $11,246,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Northeast Investment Management lifted its position in shares of Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after acquiring an additional 20 shares in the last quarter. Planning Capital Management Corp raised its position in shares of Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 20 shares in the last quarter. Prospect Financial Services LLC lifted its holdings in shares of Invesco QQQ by 0.3% during the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after acquiring an additional 21 shares during the last quarter. Skyline Advisors Inc. grew its position in Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after acquiring an additional 21 shares in the last quarter. Finally, Madden Advisory Services Inc. increased its stake in Invesco QQQ by 0.9% in the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after acquiring an additional 21 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.5 %

QQQ stock traded down $2.55 during mid-day trading on Wednesday, hitting $500.91. 3,472,483 shares of the stock were exchanged, compared to its average volume of 37,988,652. The business has a fifty day moving average price of $491.14 and a 200 day moving average price of $475.83. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, September 23rd.

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.