Campbell Wealth Management Purchases 2,848 Shares of Invesco QQQ (NASDAQ:QQQ)

Campbell Wealth Management boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% in the third quarter, HoldingsChannel.com reports. The fund owned 161,909 shares of the exchange traded fund’s stock after purchasing an additional 2,848 shares during the period. Invesco QQQ accounts for 7.0% of Campbell Wealth Management’s holdings, making the stock its 4th largest position. Campbell Wealth Management’s holdings in Invesco QQQ were worth $79,023,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ during the first quarter worth $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ during the 2nd quarter worth $30,000. Chelsea Counsel Co. purchased a new stake in Invesco QQQ during the 1st quarter worth about $40,000. CGC Financial Services LLC raised its position in Invesco QQQ by 736.4% in the 2nd 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 in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its stake in shares of Invesco QQQ by 30.4% in the 1st 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 period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $487.43 on Friday. The business has a 50-day simple moving average of $481.80 and a 200-day simple moving average of $468.54. Invesco QQQ has a one year low of $360.30 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was 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.