Woodmont Investment Counsel LLC Has $3.47 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Woodmont Investment Counsel LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,099 shares of the exchange traded fund’s stock after selling 22 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Invesco QQQ were worth $3,465,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ during the first quarter worth about $28,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ during the second quarter worth about $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ during the first quarter worth about $40,000. CGC Financial Services LLC grew its stake in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. grew its stake in Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 24 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.7 %

Shares of Invesco QQQ stock opened at $505.58 on Thursday. The firm’s 50-day moving average price is $483.00 and its two-hundred day moving average price is $470.34. Invesco QQQ has a 12-month low of $369.05 and a 12-month high of $506.41.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders 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 dividend yield of 0.54%.

Invesco QQQ 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.