Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Wealth Effects LLC

Wealth Effects LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 4.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,625 shares of the exchange traded fund’s stock after acquiring an additional 115 shares during the quarter. Wealth Effects LLC’s holdings in Invesco QQQ were worth $1,281,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atwater Malick LLC bought a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $293,000. Westwood Holdings Group Inc. grew its stake in Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after buying an additional 1,993 shares during the last quarter. Socha Financial Group LLC grew its stake in Invesco QQQ by 1.3% during the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after buying an additional 1,153 shares during the last quarter. SVB Wealth LLC grew its stake in Invesco QQQ by 15.2% during the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after buying an additional 2,453 shares during the last quarter. Finally, WFA Asset Management Corp grew its stake in Invesco QQQ by 70.6% during the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after buying an additional 1,894 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.1 %

Shares of Invesco QQQ stock traded down $0.60 during trading on Monday, hitting $493.87. The stock had a trading volume of 14,865,635 shares, compared to its average volume of 38,894,801. The business has a fifty day moving average of $477.68 and a two-hundred day moving average of $465.15. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently announced 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. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend 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.