Equitable Trust Co. Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Equitable Trust Co. boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,993 shares of the exchange traded fund’s stock after buying an additional 397 shares during the period. Invesco QQQ accounts for approximately 0.9% of Equitable Trust Co.’s portfolio, making the stock its 24th largest position. Equitable Trust Co.’s holdings in Invesco QQQ were worth $13,663,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in QQQ. Northeast Investment Management boosted its holdings 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 worth $1,697,000 after acquiring an additional 20 shares during the period. Prospect Financial Services LLC boosted its holdings in Invesco QQQ by 0.3% in the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after acquiring an additional 21 shares during the period. Skyline Advisors Inc. boosted its holdings in Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after acquiring an additional 21 shares during the period. Madden Advisory Services Inc. boosted its holdings in Invesco QQQ by 0.9% in the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock worth $1,214,000 after acquiring an additional 21 shares during the period. Finally, Sweeney & Michel LLC boosted its holdings in Invesco QQQ by 4.0% in the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after acquiring an additional 22 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.1 %

Invesco QQQ stock opened at $514.14 on Friday. The stock has a 50 day moving average of $484.62 and a 200-day moving average of $471.30. Invesco QQQ has a 52 week low of $369.57 and a 52 week high of $514.92.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

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.