Austin Private Wealth LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Austin Private Wealth LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,905 shares of the exchange traded fund’s stock after buying an additional 51 shares during the period. Austin Private Wealth LLC’s holdings in Invesco QQQ were worth $1,418,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ during the 1st quarter valued at about $28,000. Mechanics Financial Corp purchased a new stake in Invesco QQQ during the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ during the 1st quarter worth approximately $40,000. CGC Financial Services LLC boosted its position in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its stake in shares of Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after acquiring an additional 24 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.0 %

Shares of NASDAQ QQQ traded up $4.63 during mid-day trading on Tuesday, hitting $490.64. The company had a trading volume of 4,467,503 shares, compared to its average volume of 38,405,621. Invesco QQQ has a 1-year low of $366.91 and a 1-year high of $503.52. The business’s 50-day simple moving average is $482.01 and its 200 day simple moving average is $469.55.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Monday, September 23rd.

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.