DiNuzzo Private Wealth Inc. Increases Holdings in Invesco QQQ (NASDAQ:QQQ)

DiNuzzo Private Wealth Inc. lifted its position in Invesco QQQ (NASDAQ:QQQ) by 45.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,295 shares of the exchange traded fund’s stock after purchasing an additional 404 shares during the quarter. DiNuzzo Private Wealth Inc.’s holdings in Invesco QQQ were worth $632,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Apella Capital LLC lifted its holdings in Invesco QQQ by 1.8% during the 1st quarter. Apella Capital LLC now owns 3,382 shares of the exchange traded fund’s stock valued at $1,496,000 after buying an additional 60 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Invesco QQQ by 20.7% during the first quarter. Park Avenue Securities LLC now owns 18,978 shares of the exchange traded fund’s stock valued at $8,427,000 after acquiring an additional 3,256 shares in the last quarter. Capital CS Group LLC purchased a new stake in shares of Invesco QQQ in the first quarter valued at approximately $368,000. Financiere des Professionnels Fonds d investissement inc. grew its stake in Invesco QQQ by 5.8% in the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 63,950 shares of the exchange traded fund’s stock worth $28,394,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC increased its holdings in Invesco QQQ by 241.4% during the 1st quarter. Grey Fox Wealth Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock worth $912,000 after purchasing an additional 1,451 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.1 %

Shares of QQQ stock opened at $491.25 on Friday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The stock has a fifty day simple moving average of $476.80 and a two-hundred day simple moving average of $464.48.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Monday, September 23rd.

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.