Baugh & Associates LLC Raises Stake in Invesco QQQ (NASDAQ:QQQ)

Baugh & Associates LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 20.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 782 shares of the exchange traded fund’s stock after purchasing an additional 132 shares during the quarter. Baugh & Associates LLC’s holdings in Invesco QQQ were worth $382,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Advisors Management Group Inc. ADV boosted its holdings in Invesco QQQ by 3.0% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 5,815 shares of the exchange traded fund’s stock worth $2,838,000 after acquiring an additional 169 shares during the period. Graypoint LLC boosted its holdings in Invesco QQQ by 6.1% in the 3rd quarter. Graypoint LLC now owns 1,744 shares of the exchange traded fund’s stock worth $851,000 after acquiring an additional 101 shares during the period. Blake Schutter Theil Wealth Advisors LLC purchased a new position in Invesco QQQ in the 3rd quarter worth approximately $831,000. Socha Financial Group LLC boosted its holdings in Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after acquiring an additional 2,171 shares during the period. Finally, Spinnaker Trust boosted its holdings in Invesco QQQ by 1.6% in the 3rd quarter. Spinnaker Trust now owns 45,240 shares of the exchange traded fund’s stock worth $22,080,000 after acquiring an additional 703 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $505.58 on Thursday. Invesco QQQ has a fifty-two week low of $369.05 and a fifty-two week high of $506.41. The business has a 50 day moving average price of $483.00 and a two-hundred day moving average price of $470.34.

Invesco QQQ Cuts Dividend

The firm also recently announced 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 0.54%. The ex-dividend date was Monday, September 23rd.

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.