Prospect Financial Services LLC Acquires 986 Shares of Invesco QQQ $QQQ

Prospect Financial Services LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 9.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,765 shares of the exchange traded fund’s stock after acquiring an additional 986 shares during the period. Invesco QQQ accounts for about 3.9% of Prospect Financial Services LLC’s investment portfolio, making the stock its 6th biggest holding. Prospect Financial Services LLC’s holdings in Invesco QQQ were worth $6,490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in QQQ. Morgan Dempsey Capital Management LLC acquired a new stake in Invesco QQQ in the second quarter worth $30,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ during the second quarter valued at $41,000. Moser Wealth Advisors LLC grew its position in shares of Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 93 shares during the last quarter. Blume Capital Management Inc. increased its holdings in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC increased its holdings in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 2.0%

Shares of NASDAQ:QQQ opened at $608.40 on Friday. The company’s 50-day moving average price is $605.20 and its 200 day moving average price is $563.62. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were issued a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, September 22nd.

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.