Darwin Wealth Management LLC Purchases Shares of 23,342 Invesco QQQ (NASDAQ:QQQ)

Darwin Wealth Management LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) in the 3rd quarter, HoldingsChannel reports. The fund purchased 23,342 shares of the exchange traded fund’s stock, valued at approximately $11,392,000. Invesco QQQ makes up 3.1% of Darwin Wealth Management LLC’s holdings, making the stock its 5th largest position.

Other hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ during the 1st quarter valued at $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ in the second quarter valued at $30,000. Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ during the first quarter valued at about $40,000. CGC Financial Services LLC boosted its position in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Finally, Legacy Bridge LLC boosted its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.7 %

QQQ stock opened at $503.46 on Wednesday. The stock’s 50 day simple moving average is $491.14 and its 200 day simple moving average is $475.83. Invesco QQQ has a fifty-two week low of $382.66 and a fifty-two week high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ 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.