Invesco QQQ (NASDAQ:QQQ) is Vivid Wealth Management LLC's 2nd Largest Position

Vivid Wealth Management LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,873 shares of the exchange traded fund's stock after purchasing an additional 2,848 shares during the period. Invesco QQQ makes up 9.7% of Vivid Wealth Management LLC's portfolio, making the stock its 2nd biggest position. Vivid Wealth Management LLC's holdings in Invesco QQQ were worth $18,485,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Westwood Holdings Group Inc. lifted its stake in Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund's stock valued at $7,173,000 after acquiring an additional 1,993 shares in the last quarter. Socha Financial Group LLC lifted its stake in Invesco QQQ by 1.3% in the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund's stock valued at $39,494,000 after acquiring an additional 1,153 shares in the last quarter. SVB Wealth LLC lifted its stake in Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund's stock valued at $8,240,000 after acquiring an additional 2,453 shares in the last quarter. WFA Asset Management Corp lifted its stake in Invesco QQQ by 70.6% in the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund's stock valued at $2,032,000 after acquiring an additional 1,894 shares in the last quarter. Finally, Daymark Wealth Partners LLC lifted its stake in Invesco QQQ by 30.4% in the 2nd quarter. Daymark Wealth Partners LLC now owns 17,239 shares of the exchange traded fund's stock valued at $8,259,000 after acquiring an additional 4,015 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.0 %

Shares of Invesco QQQ stock traded up $0.08 on Monday, reaching $495.40. 20,202,660 shares of the company were exchanged, compared to its average volume of 38,740,855. Invesco QQQ has a one year low of $346.45 and a one year high of $503.52. The company has a 50-day moving average of $480.51 and a 200 day moving average of $467.05.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, September 23rd.

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.