Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Towerpoint Wealth LLC

Towerpoint Wealth LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 983 shares of the exchange traded fund’s stock after acquiring an additional 67 shares during the quarter. Towerpoint Wealth LLC’s holdings in Invesco QQQ were worth $480,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ during the first quarter worth approximately $28,000. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ in the second quarter worth about $30,000. Deane Retirement Strategies Inc. acquired a new position in Invesco QQQ during the first quarter worth about $29,000. Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ during the 4th quarter valued at about $35,000. Finally, Chelsea Counsel Co. purchased a new stake in Invesco QQQ during the 1st quarter valued at about $40,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.1 %

QQQ traded up $0.33 during trading on Friday, reaching $492.92. The company’s stock had a trading volume of 4,277,961 shares, compared to its average volume of 39,228,559. The firm has a fifty day simple moving average of $471.66 and a two-hundred day simple moving average of $462.79. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. 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.