Invesco QQQ (NASDAQ:QQQ) Shares Bought by Calton & Associates Inc.

Calton & Associates Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 14.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 28,895 shares of the exchange traded fund’s stock after buying an additional 3,752 shares during the quarter. Invesco QQQ comprises 5.4% of Calton & Associates Inc.’s investment portfolio, making the stock its largest position. Calton & Associates Inc.’s holdings in Invesco QQQ were worth $14,103,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ during the first quarter worth about $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the second quarter valued at about $30,000. Chelsea Counsel Co. purchased a new stake in Invesco QQQ in the 1st quarter worth $40,000. CGC Financial Services LLC increased its position 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 worth $44,000 after purchasing an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its holdings in shares of Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.4 %

Shares of NASDAQ QQQ traded down $1.88 during trading hours on Tuesday, reaching $493.54. The stock had a trading volume of 1,939,924 shares, compared to its average volume of 38,789,293. The business’s fifty day moving average price is $478.57 and its two-hundred day moving average price is $465.57. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

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