Archer Investment Corp raised its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,603 shares of the exchange traded fund's stock after acquiring an additional 4,025 shares during the quarter. Invesco QQQ makes up about 5.7% of Archer Investment Corp's holdings, making the stock its 2nd biggest holding. Archer Investment Corp's holdings in Invesco QQQ were worth $21,281,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Vectors Research Management LLC raised its holdings in Invesco QQQ by 13.3% during the third quarter. Vectors Research Management LLC now owns 521 shares of the exchange traded fund's stock worth $254,000 after purchasing an additional 61 shares in the last quarter. Black Diamond Financial LLC increased its holdings in shares of Invesco QQQ by 0.5% in the 3rd quarter. Black Diamond Financial LLC now owns 5,210 shares of the exchange traded fund's stock valued at $2,543,000 after acquiring an additional 26 shares during the period. Balboa Wealth Partners acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at $6,254,000. OneDigital Investment Advisors LLC increased its holdings in shares of Invesco QQQ by 0.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 46,544 shares of the exchange traded fund's stock valued at $22,717,000 after acquiring an additional 295 shares during the period. Finally, Omnia Family Wealth LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at $5,186,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock traded down $12.12 during trading on Friday, reaching $496.57. The company's stock had a trading volume of 51,414,443 shares, compared to its average volume of 38,252,949. The company has a 50-day moving average price of $488.38 and a two-hundred day moving average price of $473.67. Invesco QQQ has a fifty-two week low of $382.66 and a fifty-two week high of $515.58.
Invesco QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.
About Invesco QQQ
(
Free Report)
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.
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