Copley Financial Group Inc. bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,127 shares of the exchange traded fund's stock, valued at approximately $550,000.
Other hedge funds have also recently modified their holdings of the company. Socha Financial Group LLC grew its position in shares of Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund's stock worth $44,732,000 after purchasing an additional 2,171 shares in the last quarter. Archer Investment Corp boosted its stake in Invesco QQQ by 10.2% in the 3rd quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund's stock worth $21,281,000 after purchasing an additional 4,025 shares during the period. Bank Hapoalim BM grew its holdings in Invesco QQQ by 5.5% during the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund's stock valued at $59,250,000 after buying an additional 6,347 shares in the last quarter. Garden State Investment Advisory Services LLC raised its position in shares of Invesco QQQ by 20.7% during the third quarter. Garden State Investment Advisory Services LLC now owns 33,082 shares of the exchange traded fund's stock valued at $16,191,000 after buying an additional 5,673 shares during the last quarter. Finally, Marco Investment Management LLC boosted its position in shares of Invesco QQQ by 48.1% during the third quarter. Marco Investment Management LLC now owns 9,621 shares of the exchange traded fund's stock worth $4,696,000 after acquiring an additional 3,123 shares during the last quarter. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Up 0.8 %
Shares of QQQ traded up $4.03 during midday trading on Friday, hitting $530.53. The stock had a trading volume of 28,764,564 shares, compared to its average volume of 37,204,984. Invesco QQQ has a 1 year low of $395.34 and a 1 year high of $533.17. The stock's 50 day moving average is $502.92 and its 200 day moving average is $483.29.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, September 23rd.
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.
See Also
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
