Windward Capital Management Co. CA Invests $1.30 Million in Invesco QQQ (NASDAQ:QQQ)

Windward Capital Management Co. CA purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 2,658 shares of the exchange traded fund’s stock, valued at approximately $1,297,000.

Other hedge funds have also bought and sold shares of the company. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ in the second quarter worth $30,000. Chelsea Counsel Co. purchased a new stake in shares of Invesco QQQ in the first quarter worth $40,000. CGC Financial Services LLC increased its holdings in shares of Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 24 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1 %

Shares of Invesco QQQ stock opened at $514.14 on Friday. Invesco QQQ has a 1 year low of $369.57 and a 1 year high of $514.92. The firm’s 50-day moving average is $484.62 and its 200 day moving average is $471.30.

Invesco QQQ Cuts Dividend

The company also recently announced 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 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.