Crescent Grove Advisors LLC Grows Position in Invesco QQQ (NASDAQ:QQQ)

Crescent Grove Advisors LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,070 shares of the exchange traded fund’s stock after purchasing an additional 799 shares during the period. Invesco QQQ accounts for 1.9% of Crescent Grove Advisors LLC’s portfolio, making the stock its 13th biggest position. Crescent Grove Advisors LLC’s holdings in Invesco QQQ were worth $19,095,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC increased its stake 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 valued at $15,904,322,000 after purchasing an additional 32,516,210 shares in the last quarter. Steel Grove Capital Advisors LLC raised 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 worth $1,525,067,000 after purchasing an additional 3,102,568 shares during the last quarter. Strategic Financial Concepts LLC raised its position in shares of Invesco QQQ by 18,691.3% in 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 purchasing an additional 2,762,571 shares during the last quarter. Granite Bay Wealth Management LLC grew its position in Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares during the last quarter. Finally, Harvard Management Co. Inc. bought a new stake in Invesco QQQ during the 1st quarter valued at about $304,591,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.3 %

Shares of NASDAQ QQQ opened at $492.21 on Wednesday. The firm’s 50 day moving average price is $482.32 and its 200-day moving average price is $470.09. Invesco QQQ has a 52-week low of $366.91 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid 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 0.55%.

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.