Trilogy Capital Inc. Has $116.24 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Trilogy Capital Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.3% in the third quarter, HoldingsChannel reports. The firm owned 238,166 shares of the exchange traded fund’s stock after buying an additional 11,935 shares during the period. Invesco QQQ makes up approximately 5.9% of Trilogy Capital Inc.’s investment portfolio, making the stock its largest position. Trilogy Capital Inc.’s holdings in Invesco QQQ were worth $116,242,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ in the first quarter worth $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ in the 2nd quarter worth $30,000. Chelsea Counsel Co. purchased a new position in Invesco QQQ during the 1st quarter worth $40,000. CGC Financial Services LLC increased its position in Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $494.47 on Monday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The business has a 50-day simple moving average of $477.68 and a two-hundred day simple moving average of $465.15.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.