Sensible Money LLC Has $506,000 Position in Invesco QQQ (NASDAQ:QQQ)

Sensible Money LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,036 shares of the exchange traded fund’s stock after buying an additional 69 shares during the period. Sensible Money LLC’s holdings in Invesco QQQ were worth $506,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Global Assets Advisory LLC acquired a new stake in Invesco QQQ in the 1st quarter valued at about $1,580,776,000. Steel Grove Capital Advisors LLC raised its stake in Invesco QQQ by 934.0% in 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 period. Strategic Financial Concepts LLC lifted its position in shares of Invesco QQQ by 18,691.3% in 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. Granite Bay Wealth Management LLC lifted its position in shares of Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after buying an additional 894,532 shares during the last quarter. Finally, Harvard Management Co. Inc. bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $304,591,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock opened at $496.36 on Thursday. The business’s 50 day simple moving average is $475.94 and its 200 day simple moving average is $464.29. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a $0.677 dividend. 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 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.