CVA Family Office LLC Grows Holdings in Invesco QQQ (NASDAQ:QQQ)

CVA Family Office LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 85.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,918 shares of the exchange traded fund’s stock after buying an additional 3,658 shares during the quarter. CVA Family Office LLC’s holdings in Invesco QQQ were worth $3,865,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ in the 1st quarter worth about $28,000. Deane Retirement Strategies Inc. acquired a new position in Invesco QQQ during the first quarter worth approximately $29,000. Mechanics Financial Corp purchased a new position in Invesco QQQ during the second quarter worth approximately $30,000. Voisard Asset Management Group Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $35,000. Finally, Chelsea Counsel Co. purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at $40,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2 %

Shares of QQQ stock traded up $0.77 on Friday, reaching $493.36. 20,644,497 shares of the stock were exchanged, compared to its average volume of 39,311,230. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The firm has a 50 day moving average of $472.55 and a two-hundred day moving average of $463.27.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a $0.677 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

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.