Black Swift Group LLC Has $2.44 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Black Swift Group LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 66.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the exchange traded fund's stock after purchasing an additional 2,000 shares during the period. Black Swift Group LLC's holdings in Invesco QQQ were worth $2,440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of QQQ. Northeast Investment Management increased its holdings in Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund's stock valued at $1,697,000 after buying an additional 20 shares in the last quarter. Planning Capital Management Corp lifted its position in Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund's stock valued at $146,000 after purchasing an additional 20 shares during the last quarter. Prospect Financial Services LLC lifted its position in Invesco QQQ by 0.3% in the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund's stock worth $3,059,000 after purchasing an additional 21 shares during the period. Skyline Advisors Inc. lifted its stake in Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund's stock valued at $215,000 after buying an additional 21 shares in the last quarter. Finally, Madden Advisory Services Inc. lifted its position in Invesco QQQ by 0.9% in the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund's stock worth $1,214,000 after buying an additional 21 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.7 %

Invesco QQQ stock traded down $3.56 during trading hours on Thursday, reaching $508.69. 28,527,304 shares of the company were exchanged, compared to its average volume of 38,192,770. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58. The stock has a 50-day moving average of $487.42 and a 200 day moving average of $473.42.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors 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.