William Howard & Co Financial Advisors Inc Raises Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

William Howard & Co Financial Advisors Inc grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 16.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,806 shares of the exchange traded fund’s stock after buying an additional 253 shares during the quarter. Invesco QQQ accounts for about 0.8% of William Howard & Co Financial Advisors Inc’s investment portfolio, making the stock its 22nd largest holding. William Howard & Co Financial Advisors Inc’s holdings in Invesco QQQ were worth $882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ in the first quarter worth $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ during the 2nd quarter valued at approximately $30,000. Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ during the first quarter valued at $40,000. CGC Financial Services LLC grew its position in shares of Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Invesco QQQ by 30.4% in the 1st 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 during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $4.01 on Friday, hitting $487.86. The stock had a trading volume of 4,564,693 shares, compared to its average volume of 38,499,777. The company’s 50-day moving average is $481.65 and its two-hundred day moving average is $468.15. Invesco QQQ has a one year low of $360.30 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date 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.