World Equity Group Inc. Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

World Equity Group Inc. boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 58.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,990 shares of the exchange traded fund’s stock after purchasing an additional 6,630 shares during the period. Invesco QQQ comprises about 3.2% of World Equity Group Inc.’s investment portfolio, making the stock its 4th biggest position. World Equity Group Inc.’s holdings in Invesco QQQ were worth $8,780,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in QQQ. Northeast Investment Management grew its position in Invesco QQQ by 0.6% in the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after purchasing an additional 20 shares during the period. Prospect Financial Services LLC grew its holdings in shares of Invesco QQQ by 0.3% during the second 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 during the last quarter. Skyline Advisors Inc. grew its holdings in shares of Invesco QQQ by 5.0% during the third 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 during the last quarter. Sweeney & Michel LLC increased its position in shares of Invesco QQQ by 4.0% during the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after acquiring an additional 22 shares in the last quarter. Finally, Family Firm Inc. raised its holdings in shares of 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 acquiring an additional 22 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock traded down $0.91 on Monday, hitting $486.52. The stock had a trading volume of 3,227,317 shares, compared to its average volume of 38,470,758. Invesco QQQ has a 12-month low of $366.91 and a 12-month high of $503.52. The business has a 50 day moving average of $481.80 and a 200 day moving average of $469.11.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.