Garden State Investment Advisory Services LLC Buys 3,581 Shares of Invesco QQQ (NASDAQ:QQQ)

Garden State Investment Advisory Services LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 13.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,990 shares of the exchange traded fund's stock after buying an additional 3,581 shares during the quarter. Invesco QQQ makes up approximately 4.5% of Garden State Investment Advisory Services LLC's investment portfolio, making the stock its biggest holding. Garden State Investment Advisory Services LLC's holdings in Invesco QQQ were worth $15,169,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in Invesco QQQ by 46,491.6% in the third 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 buying an additional 32,516,210 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund's stock valued at $13,307,000 after acquiring an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC raised its position in shares of Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund's stock valued at $409,513,000 after purchasing an additional 894,532 shares during the last quarter. Toronto Dominion Bank boosted its stake in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock worth $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. Finally, Mirae Asset Securities USA Inc. purchased a new stake in Invesco QQQ during the 2nd quarter worth approximately $215,600,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.8 %

Shares of NASDAQ:QQQ traded up $4.03 on Friday, hitting $530.53. 28,764,564 shares of the company were exchanged, compared to its average volume of 37,204,984. Invesco QQQ has a 1-year low of $395.34 and a 1-year high of $533.17. The stock's 50 day moving average price is $502.92 and its 200 day moving average price is $483.29.

Invesco QQQ Cuts Dividend

The company 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 was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.51%.

Invesco QQQ Company 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.