Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Apollon Financial LLC

Apollon Financial LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,096 shares of the exchange traded fund’s stock after acquiring an additional 25 shares during the period. Invesco QQQ makes up about 0.9% of Apollon Financial LLC’s holdings, making the stock its 26th largest holding. Apollon Financial LLC’s holdings in Invesco QQQ were worth $2,975,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. increased its holdings in shares of Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after purchasing an additional 1,993 shares during the period. Socha Financial Group LLC raised its stake in shares of Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares in the last quarter. Bank Hapoalim BM raised its position in Invesco QQQ by 5.5% in the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after acquiring an additional 6,347 shares in the last quarter. SVB Wealth LLC grew its stake in shares of Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after purchasing an additional 2,453 shares during the last quarter. Finally, Invictus Private Wealth LLC boosted its stake in shares of Invesco QQQ by 1.3% during the 3rd quarter. Invictus Private Wealth LLC now owns 334,023 shares of the exchange traded fund’s stock worth $163,026,000 after acquiring an additional 4,139 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.1 %

NASDAQ:QQQ opened at $513.84 on Tuesday. Invesco QQQ has a 1-year low of $375.24 and a 1-year high of $515.58. The stock has a fifty day simple moving average of $485.37 and a 200 day simple moving average of $472.57.

Invesco QQQ Cuts Dividend

The company 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. This represents a $2.71 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

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.