Richard W. Paul & Associates LLC Raises Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Richard W. Paul & Associates LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,740 shares of the exchange traded fund’s stock after purchasing an additional 34 shares during the quarter. Invesco QQQ accounts for approximately 3.1% of Richard W. Paul & Associates LLC’s investment portfolio, making the stock its 7th largest position. Richard W. Paul & Associates LLC’s holdings in Invesco QQQ were worth $8,659,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of QQQ. Global Assets Advisory LLC bought a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $1,580,776,000. Steel Grove Capital Advisors LLC raised its position in Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after purchasing an additional 3,102,568 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after purchasing an additional 2,762,571 shares during the last quarter. Granite Bay Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares in the last quarter. Finally, Harvard Management Co. Inc. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $304,591,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $494.47 on Friday. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The stock has a fifty day moving average of $477.68 and a 200-day moving average of $464.82.

Invesco QQQ Cuts Dividend

The firm 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 $0.677 dividend. 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 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.