Discipline Wealth Solutions LLC Invests $837,000 in Invesco QQQ (NASDAQ:QQQ)

Discipline Wealth Solutions LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,714 shares of the exchange traded fund's stock, valued at approximately $837,000.

Several other hedge funds have also recently bought and sold shares of QQQ. Rehmann Capital Advisory Group raised its position in Invesco QQQ by 6.1% during the third quarter. Rehmann Capital Advisory Group now owns 23,616 shares of the exchange traded fund's stock worth $11,527,000 after acquiring an additional 1,365 shares during the last quarter. TD Private Client Wealth LLC raised its stake in Invesco QQQ by 4.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 87,295 shares of the exchange traded fund's stock valued at $42,606,000 after purchasing an additional 3,839 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock valued at $2,080,052,000 after buying an additional 488,815 shares during the last quarter. Wilson & Boucher Capital Management LLC grew its stake in Invesco QQQ by 14.4% in the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 1,848 shares of the exchange traded fund's stock worth $902,000 after acquiring an additional 232 shares during the period. Finally, Coldstream Capital Management Inc. raised its holdings in Invesco QQQ by 10.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 23,551 shares of the exchange traded fund's stock valued at $11,503,000 after acquiring an additional 2,237 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $9.32 during mid-day trading on Wednesday, hitting $529.92. 31,357,459 shares of the company's stock were exchanged, compared to its average volume of 37,294,344. Invesco QQQ has a fifty-two week low of $394.41 and a fifty-two week high of $530.61. The stock has a 50-day simple moving average of $501.06 and a two-hundred day simple moving average of $482.65.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ Profile

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.