Invesco QQQ (NASDAQ:QQQ) Stock Holdings Increased by Berkshire Money Management Inc.

Berkshire Money Management Inc. raised its position in Invesco QQQ (NASDAQ:QQQ) by 3.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 153,223 shares of the exchange traded fund’s stock after purchasing an additional 5,564 shares during the period. Invesco QQQ comprises approximately 8.6% of Berkshire Money Management Inc.’s portfolio, making the stock its 2nd biggest holding. Berkshire Money Management Inc.’s holdings in Invesco QQQ were worth $74,783,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Prospect Financial Services LLC increased its holdings in shares of Invesco QQQ by 0.3% in the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after purchasing an additional 21 shares during the period. Skyline Advisors Inc. raised its stake in shares of Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after acquiring an additional 21 shares in the last quarter. Sweeney & Michel LLC lifted its stake in shares of Invesco QQQ by 4.0% in the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after buying an additional 22 shares during the last quarter. Family Firm Inc. lifted its position in Invesco QQQ by 3.1% during the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after acquiring an additional 22 shares during the last quarter. Finally, Merriman Wealth Management LLC increased its stake in shares of Invesco QQQ by 0.5% in the second quarter. Merriman Wealth Management LLC now owns 5,044 shares of the exchange traded fund’s stock worth $2,420,000 after purchasing an additional 23 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $491.25 on Friday. The stock has a 50-day simple moving average of $476.80 and a 200 day simple moving average of $464.48. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Cuts Dividend

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

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.