Banque Cantonale Vaudoise grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 93.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,699 shares of the exchange traded fund's stock after buying an additional 16,759 shares during the quarter. Invesco QQQ accounts for 0.7% of Banque Cantonale Vaudoise's investment portfolio, making the stock its 20th largest holding. Banque Cantonale Vaudoise's holdings in Invesco QQQ were worth $16,936,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ in the second quarter valued at $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ in the first quarter valued at $40,000. CGC Financial Services LLC boosted its position in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund's stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Finally, Legacy Bridge LLC grew its stake in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Trading Up 0.7 %
Shares of QQQ opened at $500.02 on Tuesday. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58. The company has a 50-day simple moving average of $490.25 and a 200-day simple moving average of $475.35.
Invesco QQQ Cuts Dividend
The business also recently declared 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. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.54%.
Invesco QQQ Company Profile
(
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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