Axim Planning & Wealth Makes New $250,000 Investment in Invesco QQQ (NASDAQ:QQQ)

Axim Planning & Wealth acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 512 shares of the exchange traded fund’s stock, valued at approximately $250,000. Invesco QQQ accounts for about 0.3% of Axim Planning & Wealth’s investment portfolio, making the stock its 24th largest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. 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 shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. bought a new position in Invesco QQQ in the first quarter valued at approximately $40,000. CGC Financial Services LLC increased its stake in Invesco QQQ by 736.4% in 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 during the last quarter. Finally, PFG Private Wealth Management LLC raised its position in Invesco QQQ by 572.2% during the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1 %

Shares of QQQ opened at $512.25 on Thursday. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58. The business’s fifty day moving average is $486.39 and its 200-day moving average is $473.15.

Invesco QQQ Cuts Dividend

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