Wisconsin Capital Management LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Wisconsin Capital Management LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 626 shares of the exchange traded fund’s stock, valued at approximately $306,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. WFA Asset Management Corp boosted its stake in Invesco QQQ by 70.6% in the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after buying an additional 1,894 shares in the last quarter. PBCay One RSC Ltd raised its holdings in Invesco QQQ by 6.2% in the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after purchasing an additional 22,000 shares during the period. Chevy Chase Trust Holdings LLC lifted its holdings in Invesco QQQ by 10.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 5,483 shares of the exchange traded fund’s stock worth $2,435,000 after acquiring an additional 519 shares in the last quarter. Valley Wealth Managers Inc. raised its holdings in shares of Invesco QQQ by 3.8% during the first quarter. Valley Wealth Managers Inc. now owns 1,527 shares of the exchange traded fund’s stock worth $678,000 after acquiring an additional 56 shares during the period. Finally, Hemington Wealth Management bought a new stake in shares of Invesco QQQ in the first quarter valued at about $222,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.3 %

Shares of Invesco QQQ stock opened at $492.21 on Wednesday. The business has a fifty day simple moving average of $482.32 and a two-hundred day simple moving average of $470.09. Invesco QQQ has a 1 year low of $366.91 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued 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 dividend yield of 0.55%.

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.