Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Kraft Davis & Associates LLC

Kraft Davis & Associates LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,079 shares of the exchange traded fund’s stock after buying an additional 268 shares during the quarter. Kraft Davis & Associates LLC’s holdings in Invesco QQQ were worth $2,949,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ in the first quarter valued at $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 lifted its holdings 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 period. Finally, PFG Private Wealth Management LLC boosted its position in Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 103 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.7 %

NASDAQ:QQQ opened at $503.46 on Wednesday. The company has a 50 day moving average price of $491.14 and a 200-day moving average price of $475.83. Invesco QQQ has a 1-year low of $382.66 and a 1-year high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%.

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.