Destiny Capital Corp CO increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 13.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,108 shares of the exchange traded fund's stock after purchasing an additional 1,854 shares during the quarter. Invesco QQQ makes up 4.9% of Destiny Capital Corp CO's investment portfolio, making the stock its 8th largest holding. Destiny Capital Corp CO's holdings in Invesco QQQ were worth $7,829,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ in the 1st quarter valued at approximately $28,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ during the second quarter worth $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ during the first quarter valued at $40,000. CGC Financial Services LLC grew its stake in 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 in the last quarter. Finally, PFG Private Wealth Management LLC increased its position 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 during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Down 2.4 %
Shares of QQQ traded down $12.12 during midday trading on Friday, reaching $496.57. 51,461,054 shares of the stock were exchanged, compared to its average volume of 38,252,949. The firm has a 50 day simple moving average of $489.33 and a 200-day simple moving average of $474.11. Invesco QQQ has a 12-month low of $382.66 and a 12-month high of $515.58.
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend 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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