Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,507 shares of the exchange traded fund’s stock after buying an additional 205 shares during the period. Greenwood Capital Associates LLC’s holdings in Invesco QQQ were worth $2,200,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. WFA Asset Management Corp boosted its position in Invesco QQQ by 70.6% during the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after acquiring an additional 1,894 shares during the last quarter. PBCay One RSC Ltd boosted its holdings in shares of Invesco QQQ by 6.2% during 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 last quarter. Commerce Bank grew its position in shares of Invesco QQQ by 3.2% in the first quarter. Commerce Bank now owns 40,492 shares of the exchange traded fund’s stock valued at $17,979,000 after purchasing an additional 1,239 shares during the period. Chevy Chase Trust Holdings LLC grew its position in shares of Invesco QQQ by 10.5% in the first quarter. Chevy Chase Trust Holdings LLC now owns 5,483 shares of the exchange traded fund’s stock valued at $2,435,000 after purchasing an additional 519 shares during the period. Finally, Catalina Capital Group LLC increased its stake in Invesco QQQ by 45.9% in the first quarter. Catalina Capital Group LLC now owns 2,627 shares of the exchange traded fund’s stock valued at $1,166,000 after purchasing an additional 827 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ opened at $486.01 on Tuesday. Invesco QQQ has a 12 month low of $366.91 and a 12 month high of $503.52. The business has a 50-day moving average of $482.01 and a two-hundred day moving average of $469.55.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 0.56%. 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.