River Street Advisors LLC Has $397,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

River Street Advisors LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 814 shares of the exchange traded fund’s stock after purchasing an additional 44 shares during the quarter. River Street Advisors LLC’s holdings in Invesco QQQ were worth $397,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. PBCay One RSC Ltd increased its position in shares of Invesco QQQ by 6.2% in the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after purchasing an additional 22,000 shares during the period. Russell Investments Group Ltd. increased its position in shares of Invesco QQQ by 140.6% in the first quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock worth $108,000 after purchasing an additional 142 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Invesco QQQ in the first quarter worth $844,000. Tocqueville Asset Management L.P. increased its position in shares of Invesco QQQ by 3.7% in the first quarter. Tocqueville Asset Management L.P. now owns 3,968 shares of the exchange traded fund’s stock worth $1,762,000 after purchasing an additional 143 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC bought a new position in shares of Invesco QQQ in the first quarter worth $496,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.4 %

Shares of NASDAQ QQQ traded down $12.12 during mid-day trading on Friday, reaching $496.57. The company had a trading volume of 51,461,054 shares, compared to its average volume of 38,252,949. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58. The business’s 50-day simple moving average is $489.33 and its 200 day simple moving average is $474.11.

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 given a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date 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.