Invesco QQQ (NASDAQ:QQQ) Shares Bought by Wealth Quarterback LLC

Wealth Quarterback LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 377.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,684 shares of the exchange traded fund’s stock after acquiring an additional 6,866 shares during the period. Invesco QQQ makes up approximately 2.2% of Wealth Quarterback LLC’s holdings, making the stock its 8th biggest holding. Wealth Quarterback LLC’s holdings in Invesco QQQ were worth $4,238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of QQQ. Assetmark Inc. raised its holdings in Invesco QQQ by 2.1% in the third quarter. Assetmark Inc. now owns 26,866 shares of the exchange traded fund’s stock worth $13,112,000 after purchasing an additional 556 shares during the period. Rockbridge Investment Management LCC increased its position in shares of Invesco QQQ by 9.6% in the 3rd quarter. Rockbridge Investment Management LCC now owns 945 shares of the exchange traded fund’s stock valued at $461,000 after buying an additional 83 shares in the last quarter. Executive Wealth Management LLC acquired a new stake in Invesco QQQ during the 3rd quarter worth $6,661,000. Windward Capital Management Co. CA bought a new position in Invesco QQQ during the third quarter worth about $1,297,000. Finally, Holistic Planning LLC grew its stake in Invesco QQQ by 32.2% in the third quarter. Holistic Planning LLC now owns 6,140 shares of the exchange traded fund’s stock valued at $2,997,000 after acquiring an additional 1,494 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $514.14 on Friday. The company’s 50 day moving average price is $484.62 and its two-hundred day moving average price is $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 company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.53%.

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.