Cerity Partners LLC Increases Holdings in Invesco QQQ (NASDAQ:QQQ)

Cerity Partners LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 11.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 682,159 shares of the exchange traded fund’s stock after purchasing an additional 70,171 shares during the quarter. Invesco QQQ makes up 0.7% of Cerity Partners LLC’s portfolio, making the stock its 24th biggest holding. Cerity Partners LLC’s holdings in Invesco QQQ were worth $332,959,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ in the 1st quarter worth approximately $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ during the 2nd quarter valued at approximately $30,000. Chelsea Counsel Co. purchased a new position in shares of Invesco QQQ in the first quarter valued at $40,000. CGC Financial Services LLC increased its position in Invesco QQQ by 736.4% in the second 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 during the last quarter. Finally, PFG Private Wealth Management LLC raised its stake in Invesco QQQ by 572.2% during the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $505.79 on Friday. The firm has a fifty day simple moving average of $493.08 and a two-hundred day simple moving average of $476.67. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58.

Invesco QQQ Cuts Dividend

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

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.