Invictus Private Wealth LLC Purchases 4,139 Shares of Invesco QQQ (NASDAQ:QQQ)

Invictus Private Wealth LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 334,023 shares of the exchange traded fund's stock after purchasing an additional 4,139 shares during the quarter. Invesco QQQ accounts for 12.9% of Invictus Private Wealth LLC's holdings, making the stock its 2nd biggest position. Invictus Private Wealth LLC owned approximately 0.06% of Invesco QQQ worth $163,026,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wisconsin Capital Management LLC acquired a new position in Invesco QQQ during the 3rd quarter worth approximately $306,000. Catalina Capital Group LLC increased its position in shares of Invesco QQQ by 10.6% in the third quarter. Catalina Capital Group LLC now owns 3,176 shares of the exchange traded fund's stock worth $1,550,000 after purchasing an additional 305 shares during the period. Tobias Financial Advisors Inc. raised its stake in Invesco QQQ by 50.8% in the third quarter. Tobias Financial Advisors Inc. now owns 790 shares of the exchange traded fund's stock valued at $386,000 after purchasing an additional 266 shares in the last quarter. Flagship Private Wealth LLC lifted its position in Invesco QQQ by 8.6% during the third quarter. Flagship Private Wealth LLC now owns 12,164 shares of the exchange traded fund's stock worth $5,937,000 after purchasing an additional 964 shares during the period. Finally, HMS Capital Management LLC grew its stake in Invesco QQQ by 8.8% during the third quarter. HMS Capital Management LLC now owns 24,419 shares of the exchange traded fund's stock worth $11,918,000 after buying an additional 1,982 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock traded up $12.96 during mid-day trading on Wednesday, hitting $505.17. The stock had a trading volume of 30,810,549 shares, compared to its average volume of 38,462,789. The firm has a fifty day simple moving average of $482.32 and a 200 day simple moving average of $470.09. Invesco QQQ has a 52 week low of $369.05 and a 52 week high of $505.52.

Invesco QQQ Cuts Dividend

The firm also recently announced 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. This represents a $2.71 annualized dividend and a yield of 0.54%. 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.