Rehmann Capital Advisory Group Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Rehmann Capital Advisory Group increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,616 shares of the exchange traded fund's stock after acquiring an additional 1,365 shares during the period. Invesco QQQ makes up about 0.8% of Rehmann Capital Advisory Group's portfolio, making the stock its 28th largest holding. Rehmann Capital Advisory Group's holdings in Invesco QQQ were worth $11,527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. TD Private Client Wealth LLC raised its position in Invesco QQQ by 4.6% during the third quarter. TD Private Client Wealth LLC now owns 87,295 shares of the exchange traded fund's stock worth $42,606,000 after acquiring an additional 3,839 shares during the period. Toronto Dominion Bank raised its position in shares of Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock worth $2,080,052,000 after purchasing an additional 488,815 shares during the last quarter. Wilson & Boucher Capital Management LLC lifted 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 valued at $902,000 after buying an additional 232 shares in the last quarter. Coldstream Capital Management Inc. boosted 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 worth $11,503,000 after buying an additional 2,237 shares during the last quarter. Finally, Synergy Financial Group LTD boosted its holdings in Invesco QQQ by 9.6% in the 3rd quarter. Synergy Financial Group LTD now owns 1,718 shares of the exchange traded fund's stock worth $839,000 after buying an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.8 %

QQQ stock traded up $9.32 during midday trading on Wednesday, reaching $529.92. The stock had a trading volume of 31,443,828 shares, compared to its average volume of 37,294,344. Invesco QQQ has a 52-week low of $394.41 and a 52-week high of $530.61. The company's fifty day simple moving average is $501.06 and its 200 day simple moving average is $482.65.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders 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 dividend yield of 0.51%.

About Invesco QQQ

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.