Sensible Money LLC Has $506,000 Stake in Invesco QQQ (NASDAQ:QQQ)

Sensible Money LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,036 shares of the exchange traded fund’s stock after purchasing an additional 69 shares during the period. Sensible Money LLC’s holdings in Invesco QQQ were worth $506,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ in the 1st quarter worth $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $30,000. Chelsea Counsel Co. bought a new position in Invesco QQQ during the 1st quarter worth approximately $40,000. CGC Financial Services LLC grew its holdings in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its holdings in Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.1 %

Shares of QQQ opened at $496.36 on Thursday. The stock has a 50 day simple moving average of $475.94 and a 200 day simple moving average of $464.29. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

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