Trajan Wealth LLC Buys 141 Shares of Invesco QQQ (NASDAQ:QQQ)

Trajan Wealth LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 6.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,267 shares of the exchange traded fund’s stock after purchasing an additional 141 shares during the quarter. Trajan Wealth LLC’s holdings in Invesco QQQ were worth $1,106,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Prospect Financial Services LLC boosted its holdings in shares of Invesco QQQ by 0.3% during the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after buying an additional 21 shares in the last quarter. Skyline Advisors Inc. boosted its holdings in shares of Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after buying an additional 21 shares in the last quarter. Sweeney & Michel LLC boosted its holdings in shares of Invesco QQQ by 4.0% during the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after buying an additional 22 shares in the last quarter. Family Firm Inc. boosted its stake in Invesco QQQ by 3.1% in the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after purchasing an additional 22 shares in the last quarter. Finally, MPS Loria Financial Planners LLC boosted its stake in Invesco QQQ by 0.8% in the 3rd quarter. MPS Loria Financial Planners LLC now owns 2,656 shares of the exchange traded fund’s stock worth $1,297,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $500.16 on Wednesday. Invesco QQQ has a fifty-two week low of $346.45 and a fifty-two week high of $503.52. The business has a 50-day simple moving average of $481.19 and a two-hundred day simple moving average of $467.84.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%. 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.