TD Private Client Wealth LLC Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

TD Private Client Wealth LLC increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,295 shares of the exchange traded fund's stock after purchasing an additional 3,839 shares during the quarter. Invesco QQQ accounts for 1.2% of TD Private Client Wealth LLC's investment portfolio, making the stock its 18th largest position. TD Private Client Wealth LLC's holdings in Invesco QQQ were worth $42,606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC grew its holdings in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund's stock valued at $15,904,322,000 after purchasing an additional 32,516,210 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Invesco QQQ by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund's stock valued at $2,379,676,000 after acquiring an additional 338,494 shares in the last quarter. Toronto Dominion Bank raised its position in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock worth $2,080,052,000 after acquiring an additional 488,815 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco QQQ by 1.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund's stock valued at $1,532,904,000 after purchasing an additional 33,790 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its position in shares of Invesco QQQ by 18,691.3% in the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund's stock valued at $13,307,000 after purchasing an additional 2,762,571 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Up 1.8 %

Shares of NASDAQ:QQQ traded up $9.32 on Wednesday, hitting $529.92. The company 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 business has a 50 day moving average of $501.06 and a 200 day moving average of $482.65.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a 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.