Invesco QQQ (NASDAQ:QQQ) is Hazlett Burt & Watson Inc.’s 3rd Largest Position

Hazlett Burt & Watson Inc. boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.1% in the third quarter, HoldingsChannel.com reports. The firm owned 20,912 shares of the exchange traded fund’s stock after buying an additional 430 shares during the quarter. Invesco QQQ comprises about 4.7% of Hazlett Burt & Watson Inc.’s investment portfolio, making the stock its 3rd largest holding. Hazlett Burt & Watson Inc.’s holdings in Invesco QQQ were worth $10,198,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Westwood Holdings Group Inc. boosted its position in shares of Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after purchasing an additional 1,993 shares during the period. Bank Hapoalim BM grew its position in shares of Invesco QQQ by 5.5% during the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after acquiring an additional 6,347 shares during the last quarter. Socha Financial Group LLC increased its holdings in shares of Invesco QQQ by 1.3% in the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after acquiring an additional 1,153 shares during the period. SVB Wealth LLC raised its position in Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after purchasing an additional 2,453 shares during the last quarter. Finally, WFA Asset Management Corp boosted its stake in shares of Invesco QQQ by 70.6% during the first 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 period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4 %

Shares of NASDAQ:QQQ traded up $1.72 during midday trading on Monday, hitting $489.15. The stock had a trading volume of 7,037,417 shares, compared to its average volume of 38,484,395. The stock has a 50 day moving average price of $481.80 and a two-hundred day moving average price of $469.11. Invesco QQQ has a 1 year low of $366.91 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were 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 of this dividend 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.