McIlrath & Eck LLC Purchases 2,767 Shares of Invesco QQQ (NASDAQ:QQQ)

McIlrath & Eck LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 15.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 20,218 shares of the exchange traded fund's stock after buying an additional 2,767 shares during the period. Invesco QQQ accounts for approximately 1.3% of McIlrath & Eck LLC's holdings, making the stock its 21st biggest position. McIlrath & Eck LLC's holdings in Invesco QQQ were worth $9,868,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Invesco QQQ by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund's stock valued at $7,779,000 after purchasing an additional 832 shares during the last quarter. Lantz Financial LLC bought a new stake in Invesco QQQ in the 2nd quarter worth approximately $214,000. ORG Partners LLC purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $767,000. Midwest Financial Group LLC increased its holdings in shares of Invesco QQQ by 2.4% in the 2nd quarter. Midwest Financial Group LLC now owns 12,018 shares of the exchange traded fund's stock worth $5,758,000 after buying an additional 278 shares during the last quarter. Finally, Leavell Investment Management Inc. raised its position in shares of Invesco QQQ by 8.0% during the 2nd quarter. Leavell Investment Management Inc. now owns 16,092 shares of the exchange traded fund's stock valued at $7,722,000 after buying an additional 1,195 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 1.8 %

QQQ traded up $9.32 on Wednesday, hitting $529.92. The company had a trading volume of 31,357,459 shares, compared to its average volume of 37,294,344. The business's fifty day simple moving average is $501.06 and its 200 day simple moving average is $482.65. Invesco QQQ has a 12-month low of $394.41 and a 12-month high of $530.61.

Invesco QQQ Cuts Dividend

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