Claro Advisors LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,492 shares of the exchange traded fund's stock after purchasing an additional 1,534 shares during the quarter. Invesco QQQ comprises about 1.5% of Claro Advisors LLC's investment portfolio, making the stock its 12th largest holding. Claro Advisors LLC's holdings in Invesco QQQ were worth $11,954,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ during the first quarter worth about $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ during the second quarter worth about $30,000. Chelsea Counsel Co. purchased a new position in Invesco QQQ in the 1st quarter worth about $40,000. CGC Financial Services LLC increased its stake in Invesco QQQ by 736.4% in 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, PFG Private Wealth Management LLC increased its stake in Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund's stock worth $58,000 after purchasing an additional 103 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Trading Down 2.4 %
QQQ traded down $12.12 during trading on Friday, reaching $496.57. The company had a trading volume of 51,461,054 shares, compared to its average volume of 29,269,732. The firm's 50-day simple moving average is $489.33 and its 200 day simple moving average is $474.83. Invesco QQQ has a 12-month low of $382.66 and a 12-month high of $515.58.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date 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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