Gilbert & Cook Inc. Raises Stake in Invesco QQQ (NASDAQ:QQQ)

Gilbert & Cook Inc. increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 96.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,276 shares of the exchange traded fund's stock after buying an additional 1,605 shares during the quarter. Gilbert & Cook Inc.'s holdings in Invesco QQQ were worth $1,599,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of QQQ. Northeast Investment Management increased its holdings in Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund's stock worth $1,697,000 after acquiring an additional 20 shares during the period. Planning Capital Management Corp grew its position in shares of Invesco QQQ by 7.1% during 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 in the last quarter. Prospect Financial Services LLC increased its holdings in shares of 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. raised its position in shares of Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund's stock worth $215,000 after buying an additional 21 shares in the last quarter. Finally, Madden Advisory Services Inc. boosted its stake in Invesco QQQ by 0.9% during the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund's stock valued at $1,214,000 after buying an additional 21 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock traded down $12.12 during midday trading on Friday, hitting $496.57. 51,461,054 shares of the company's stock were exchanged, compared to its average volume of 29,269,732. The stock has a 50-day moving average price of $489.33 and a two-hundred day moving average price of $474.46. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58.

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 $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Monday, September 23rd.

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.