First Heartland Consultants Inc. Buys 14,821 Shares of Invesco QQQ (NASDAQ:QQQ)

First Heartland Consultants Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 29.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 65,592 shares of the exchange traded fund’s stock after purchasing an additional 14,821 shares during the quarter. Invesco QQQ accounts for about 3.4% of First Heartland Consultants Inc.’s portfolio, making the stock its 3rd largest position. First Heartland Consultants Inc.’s holdings in Invesco QQQ were worth $32,013,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of QQQ. International Assets Investment Management LLC lifted its stake in shares of Invesco QQQ by 46,491.6% in the 3rd 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 during the period. Steel Grove Capital Advisors LLC lifted 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 grew its position in shares of Invesco QQQ by 18,691.3% during 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 buying an additional 2,762,571 shares during the period. Granite Bay Wealth Management LLC boosted its stake in Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after acquiring an additional 894,532 shares in the last quarter. Finally, Harvard Management Co. Inc. bought a new position in shares of Invesco QQQ during the 1st quarter worth about $304,591,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.0 %

NASDAQ:QQQ traded down $0.20 on Tuesday, hitting $513.64. The stock had a trading volume of 4,505,170 shares, compared to its average volume of 38,201,922. Invesco QQQ has a 52 week low of $375.24 and a 52 week high of $515.58. The business’s fifty day moving average is $485.37 and its 200 day moving average is $472.57.

Invesco QQQ Cuts Dividend

The firm also recently declared 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 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.