LJI Wealth Management LLC Acquires 1,355 Shares of Invesco QQQ (NASDAQ:QQQ)

LJI Wealth Management LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 29,420 shares of the exchange traded fund's stock after acquiring an additional 1,355 shares during the period. Invesco QQQ comprises about 2.9% of LJI Wealth Management LLC's holdings, making the stock its 7th biggest holding. LJI Wealth Management LLC's holdings in Invesco QQQ were worth $14,359,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ during the first quarter worth $28,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ during the second quarter worth $30,000. Chelsea Counsel Co. purchased a new stake in shares of Invesco QQQ during the first quarter worth $40,000. CGC Financial Services LLC grew its holdings in shares of Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund's stock valued at $44,000 after purchasing an additional 81 shares during the period. Finally, PFG Private Wealth Management LLC grew its holdings in shares of Invesco QQQ by 572.2% in the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund's stock valued at $58,000 after purchasing an additional 103 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 2.4 %

Shares of QQQ traded down $12.12 during mid-day trading on Friday, reaching $496.57. The stock had a trading volume of 51,461,054 shares, compared to its average volume of 38,252,949. The business's fifty day moving average is $489.33 and its 200 day moving average is $474.11. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given 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%.

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.