SouthState Corp Acquires 223 Shares of Invesco QQQ (NASDAQ:QQQ)

SouthState Corp increased its position in Invesco QQQ (NASDAQ:QQQ) by 3.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,968 shares of the exchange traded fund’s stock after buying an additional 223 shares during the quarter. SouthState Corp’s holdings in Invesco QQQ were worth $3,401,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in shares of Invesco QQQ by 3.2% during the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 1,840 shares of the exchange traded fund’s stock worth $898,000 after purchasing an additional 57 shares during the period. Equita Financial Network Inc. raised its position in Invesco QQQ by 2.9% during the 3rd quarter. Equita Financial Network Inc. now owns 1,540 shares of the exchange traded fund’s stock valued at $751,000 after purchasing an additional 44 shares in the last quarter. Legacy Bridge LLC grew its holdings in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares in the last quarter. Common Fund For Nonprofit Organizations purchased a new position in Invesco QQQ during the third quarter valued at approximately $5,767,000. Finally, OneAscent Wealth Management LLC raised its position in shares of Invesco QQQ by 19.0% in the 3rd quarter. OneAscent Wealth Management LLC now owns 838 shares of the exchange traded fund’s stock worth $410,000 after acquiring an additional 134 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $500.02 on Tuesday. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58. The firm has a 50 day moving average of $490.25 and a 200 day moving average of $475.35.

Invesco QQQ Cuts Dividend

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

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.