Strategic Family Wealth Counselors L.L.C. Purchases 77 Shares of Invesco QQQ (NASDAQ:QQQ)

Strategic Family Wealth Counselors L.L.C. increased its position in Invesco QQQ (NASDAQ:QQQ) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,565 shares of the exchange traded fund’s stock after purchasing an additional 77 shares during the period. Invesco QQQ makes up approximately 1.1% of Strategic Family Wealth Counselors L.L.C.’s holdings, making the stock its 29th biggest position. Strategic Family Wealth Counselors L.L.C.’s holdings in Invesco QQQ were worth $3,204,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in QQQ. WFA Asset Management Corp grew its stake in shares of Invesco QQQ by 70.6% during the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after purchasing an additional 1,894 shares during the period. PBCay One RSC Ltd raised its holdings in Invesco QQQ by 6.2% in the 1st quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after purchasing an additional 22,000 shares during the period. Chevy Chase Trust Holdings LLC grew its holdings in Invesco QQQ by 10.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 5,483 shares of the exchange traded fund’s stock valued at $2,435,000 after purchasing an additional 519 shares during the period. LPF Advisors LLC grew its holdings in Invesco QQQ by 1.5% during the first quarter. LPF Advisors LLC now owns 24,570 shares of the exchange traded fund’s stock valued at $10,909,000 after purchasing an additional 371 shares during the period. Finally, Nelson Capital Management LLC purchased a new stake in Invesco QQQ in the first quarter worth about $381,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.0 %

Shares of QQQ stock traded down $0.06 during trading hours on Friday, reaching $513.48. 5,738,792 shares of the company traded hands, compared to its average volume of 38,342,688. The firm has a 50-day moving average price of $483.00 and a 200 day moving average price of $470.34. Invesco QQQ has a 12-month low of $369.57 and a 12-month high of $514.33.

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 given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco QQQ

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.