Stony Point Wealth Management Inc. Has $9.34 Million Stake in Invesco QQQ Trust (QQQ)

Stony Point Wealth Management Inc. grew its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 6.5% during the third quarter, HoldingsChannel.com reports. The firm owned 50,296 shares of the exchange traded fund’s stock after buying an additional 3,050 shares during the period. Invesco QQQ Trust comprises about 7.3% of Stony Point Wealth Management Inc.’s portfolio, making the stock its 2nd biggest holding. Stony Point Wealth Management Inc.’s holdings in Invesco QQQ Trust were worth $9,344,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Divergent Wealth Advisors LLC grew its stake in shares of Invesco QQQ Trust by 12.3% in the 3rd quarter. Divergent Wealth Advisors LLC now owns 2,555 shares of the exchange traded fund’s stock valued at $460,000 after buying an additional 279 shares in the last quarter. Financial Partners Group Inc grew its stake in shares of Invesco QQQ Trust by 1.1% in the 2nd quarter. Financial Partners Group Inc now owns 25,127 shares of the exchange traded fund’s stock valued at $4,313,000 after buying an additional 283 shares in the last quarter. Advanced Asset Management Advisors Inc boosted its position in Invesco QQQ Trust by 0.3% during the second quarter. Advanced Asset Management Advisors Inc now owns 112,670 shares of the exchange traded fund’s stock worth $19,340,000 after purchasing an additional 285 shares during the period. Summit X LLC boosted its position in Invesco QQQ Trust by 17.2% during the second quarter. Summit X LLC now owns 1,964 shares of the exchange traded fund’s stock worth $338,000 after purchasing an additional 288 shares during the period. Finally, Northeast Financial Consultants Inc boosted its position in Invesco QQQ Trust by 0.9% during the second quarter. Northeast Financial Consultants Inc now owns 31,959 shares of the exchange traded fund’s stock worth $5,485,000 after purchasing an additional 295 shares during the period. Institutional investors own 40.74% of the company’s stock.

Invesco QQQ Trust stock traded up $0.03 during trading hours on Friday, reaching $173.21. 7,885,365 shares of the company were exchanged, compared to its average volume of 57,748,780. Invesco QQQ Trust has a 12 month low of $146.33 and a 12 month high of $187.53.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Tuesday, September 25th will be given a dividend of $0.3298 per share. The ex-dividend date is Monday, September 24th. This represents a $1.32 dividend on an annualized basis and a yield of 0.76%.

Invesco QQQ Trust 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.

Read More: Intrinsic Value and Stock Selection

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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