Omnia Family Wealth LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,612 shares of the exchange traded fund's stock, valued at approximately $5,186,000. Invesco QQQ accounts for 2.2% of Omnia Family Wealth LLC's portfolio, making the stock its 12th biggest holding.
Other large investors also recently bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ in the 1st quarter worth $28,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ in the 2nd quarter worth $30,000. Chelsea Counsel Co. purchased a new stake in shares of Invesco QQQ in the 1st quarter worth $40,000. CGC Financial Services LLC increased its position in Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund's stock valued at $44,000 after buying an additional 81 shares in the last quarter. Finally, PFG Private Wealth Management LLC increased its position in Invesco QQQ by 572.2% during the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund's stock valued at $58,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Down 0.7 %
NASDAQ:QQQ traded down $3.56 during mid-day trading on Thursday, hitting $508.69. 28,527,304 shares of the company's stock traded hands, compared to its average volume of 38,192,770. The company has a fifty day moving average of $487.42 and a 200 day moving average of $473.42. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58.
Invesco QQQ Cuts Dividend
The company also recently disclosed 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 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.
Invesco QQQ 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.
Further Reading
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
