Invesco QQQ (NASDAQ:QQQ) Shares Acquired by WFA Asset Management Corp

WFA Asset Management Corp lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 8.2% during the third quarter, HoldingsChannel reports. The firm owned 7,096 shares of the exchange traded fund’s stock after purchasing an additional 537 shares during the quarter. Invesco QQQ comprises about 1.9% of WFA Asset Management Corp’s holdings, making the stock its 13th largest holding. WFA Asset Management Corp’s holdings in Invesco QQQ were worth $3,464,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Westwood Holdings Group Inc. raised its holdings in Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after acquiring an additional 1,993 shares in the last quarter. Bank Hapoalim BM raised its holdings in Invesco QQQ by 5.5% in the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock valued at $59,250,000 after acquiring an additional 6,347 shares in the last quarter. Socha Financial Group LLC raised its holdings in Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after acquiring an additional 1,153 shares in the last quarter. SVB Wealth LLC raised its holdings in Invesco QQQ by 15.2% in the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after acquiring an additional 2,453 shares in the last quarter. Finally, Daymark Wealth Partners LLC raised its holdings in Invesco QQQ by 30.4% in the second quarter. Daymark Wealth Partners LLC now owns 17,239 shares of the exchange traded fund’s stock valued at $8,259,000 after acquiring an additional 4,015 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.0 %

QQQ opened at $487.66 on Monday. The firm’s fifty day moving average price is $481.80 and its 200 day moving average price is $469.11. Invesco QQQ has a 12-month low of $366.91 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.56%.

Invesco QQQ Company 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.