Invesco QQQ (NASDAQ:QQQ) Stake Boosted by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 94,245 shares of the exchange traded fund’s stock after acquiring an additional 335 shares during the period. Invesco QQQ accounts for 6.4% of Ascent Wealth Partners LLC’s holdings, making the stock its 2nd biggest position. Ascent Wealth Partners LLC’s holdings in Invesco QQQ were worth $45,998,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Washington Trust Bank lifted its stake in shares of Invesco QQQ by 80.1% in the 3rd quarter. Washington Trust Bank now owns 1,070 shares of the exchange traded fund’s stock valued at $522,000 after purchasing an additional 476 shares during the last quarter. Jmac Enterprises LLC lifted its stake in shares of Invesco QQQ by 2.7% in the 3rd quarter. Jmac Enterprises LLC now owns 74,622 shares of the exchange traded fund’s stock valued at $36,421,000 after purchasing an additional 1,963 shares during the last quarter. Montecito Bank & Trust lifted its stake in shares of Invesco QQQ by 0.7% in the 3rd quarter. Montecito Bank & Trust now owns 9,929 shares of the exchange traded fund’s stock valued at $4,846,000 after purchasing an additional 67 shares during the last quarter. Cozad Asset Management Inc. lifted its stake in shares of Invesco QQQ by 1.5% in the 3rd quarter. Cozad Asset Management Inc. now owns 14,237 shares of the exchange traded fund’s stock valued at $6,949,000 after purchasing an additional 209 shares during the last quarter. Finally, Weitzel Financial Services Inc. lifted its stake in shares of Invesco QQQ by 10.1% in the 3rd quarter. Weitzel Financial Services Inc. now owns 10,128 shares of the exchange traded fund’s stock valued at $4,885,000 after purchasing an additional 926 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.8 %

Shares of QQQ stock traded up $4.29 on Thursday, hitting $509.87. The company’s stock had a trading volume of 3,841,401 shares, compared to its average volume of 38,349,672. Invesco QQQ has a fifty-two week low of $369.57 and a fifty-two week high of $510.44. The firm’s fifty day moving average price is $483.00 and its 200-day moving average price is $470.34.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

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.