Icon Wealth Advisors LLC Purchases 155 Shares of Invesco QQQ (NASDAQ:QQQ)

Icon Wealth Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 16.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,081 shares of the exchange traded fund’s stock after buying an additional 155 shares during the period. Icon Wealth Advisors LLC’s holdings in Invesco QQQ were worth $528,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ in the first quarter worth $28,000. Mechanics Financial Corp purchased a new position in Invesco QQQ during the 2nd quarter worth $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ during the 1st quarter valued at about $40,000. CGC Financial Services LLC raised its stake 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 valued at $44,000 after buying an additional 81 shares during the last quarter. Finally, PFG Private Wealth Management LLC boosted its holdings in Invesco QQQ by 572.2% in the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $505.79 on Friday. The stock’s 50-day simple moving average is $493.08 and its 200-day simple moving average is $476.93. 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 business 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 annualized dividend and a yield of 0.54%. The ex-dividend date 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.