Focused Wealth Management Inc Has $65.52 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Focused Wealth Management Inc grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 11.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,251 shares of the exchange traded fund’s stock after buying an additional 13,641 shares during the quarter. Invesco QQQ makes up 8.8% of Focused Wealth Management Inc’s portfolio, making the stock its 3rd largest position. Focused Wealth Management Inc’s holdings in Invesco QQQ were worth $65,524,000 as of its most recent SEC filing.

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

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $492.21 on Wednesday. The stock has a 50 day moving average price of $482.32 and a two-hundred day moving average price of $470.09. Invesco QQQ has a 52 week low of $366.91 and a 52 week high of $503.52.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.