Ironwood Financial llc Has $5.16 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Ironwood Financial llc lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,570 shares of the exchange traded fund’s stock after purchasing an additional 190 shares during the quarter. Invesco QQQ makes up about 1.1% of Ironwood Financial llc’s holdings, making the stock its 27th biggest position. Ironwood Financial llc’s holdings in Invesco QQQ were worth $5,159,000 at the end of the most recent quarter.

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

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded up $3.09 on Thursday, reaching $494.00. The stock had a trading volume of 4,280,396 shares, compared to its average volume of 38,967,730. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The business’s 50-day moving average price is $475.94 and its two-hundred day moving average price is $464.29.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is 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.