Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Transform Wealth LLC

Transform Wealth LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 11.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,384 shares of the exchange traded fund’s stock after purchasing an additional 251 shares during the period. Transform Wealth LLC’s holdings in Invesco QQQ were worth $1,165,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Leisure Capital Management grew its position in shares of Invesco QQQ by 12.6% in the 3rd quarter. Leisure Capital Management now owns 1,118 shares of the exchange traded fund’s stock worth $546,000 after acquiring an additional 125 shares in the last quarter. Sentinel Pension Advisors Inc. boosted its holdings in Invesco QQQ by 8.3% in the third quarter. Sentinel Pension Advisors Inc. now owns 2,900 shares of the exchange traded fund’s stock worth $1,415,000 after purchasing an additional 222 shares during the period. SeaCrest Wealth Management LLC increased its stake in Invesco QQQ by 4.7% during the third quarter. SeaCrest Wealth Management LLC now owns 27,981 shares of the exchange traded fund’s stock valued at $13,657,000 after purchasing an additional 1,246 shares during the last quarter. Stage Harbor Financial LLC acquired a new stake in shares of Invesco QQQ during the third quarter worth $211,000. Finally, Safeguard Financial LLC lifted its position in shares of Invesco QQQ by 24.8% in the 3rd quarter. Safeguard Financial LLC now owns 3,237 shares of the exchange traded fund’s stock worth $1,580,000 after buying an additional 644 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $1.56 during trading on Wednesday, reaching $489.29. 11,562,281 shares of the company’s stock traded hands, compared to its average volume of 39,080,469. The company has a 50 day moving average of $474.82 and a 200-day moving average of $464.10. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

Invesco QQQ Cuts Dividend

The business 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 dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.

Invesco QQQ 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.