Partnervest Advisory Services LLC Has $1.20 Million Position in Invesco QQQ Trust (QQQ)

Partnervest Advisory Services LLC increased its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 11.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,443 shares of the exchange traded fund’s stock after acquiring an additional 654 shares during the period. Partnervest Advisory Services LLC’s holdings in Invesco QQQ Trust were worth $1,197,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Divergent Wealth Advisors LLC lifted its position in shares of Invesco QQQ Trust by 12.3% during the 3rd quarter. Divergent Wealth Advisors LLC now owns 2,555 shares of the exchange traded fund’s stock worth $460,000 after buying an additional 279 shares during the period. Financial Partners Group Inc lifted its position in shares of Invesco QQQ Trust by 1.1% during the 2nd quarter. Financial Partners Group Inc now owns 25,127 shares of the exchange traded fund’s stock worth $4,313,000 after buying an additional 283 shares during the period. Advanced Asset Management Advisors Inc lifted its position in shares of Invesco QQQ Trust by 0.3% during the 2nd quarter. Advanced Asset Management Advisors Inc now owns 112,670 shares of the exchange traded fund’s stock worth $19,340,000 after buying an additional 285 shares during the period. Summit X LLC lifted its position in shares of Invesco QQQ Trust by 17.2% during the 2nd quarter. Summit X LLC now owns 1,964 shares of the exchange traded fund’s stock worth $338,000 after buying an additional 288 shares during the period. Finally, Northeast Financial Consultants Inc lifted its position in shares of Invesco QQQ Trust by 0.9% during the 2nd quarter. Northeast Financial Consultants Inc now owns 31,959 shares of the exchange traded fund’s stock worth $5,485,000 after buying an additional 295 shares during the period. Institutional investors and hedge funds own 39.19% of the company’s stock.

Invesco QQQ Trust stock opened at $168.77 on Wednesday. Invesco QQQ Trust has a one year low of $150.13 and a one year high of $187.53.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Tuesday, September 25th will be issued a dividend of $0.3298 per share. The ex-dividend date of this dividend is Monday, September 24th. This represents a $1.32 dividend on an annualized basis and a yield of 0.78%.

Invesco QQQ Trust 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.

Recommended Story: The Role of a Fiduciary and Individual Investors

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply