TD Private Client Wealth LLC Buys 3,839 Shares of Invesco QQQ (NASDAQ:QQQ)

TD Private Client Wealth LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 4.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 87,295 shares of the exchange traded fund’s stock after purchasing an additional 3,839 shares during the quarter. Invesco QQQ accounts for about 1.2% of TD Private Client Wealth LLC’s portfolio, making the stock its 18th largest position. TD Private Client Wealth LLC’s holdings in Invesco QQQ were worth $42,606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in QQQ. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ in the 2nd quarter worth approximately $30,000. CGC Financial Services LLC boosted its position in Invesco QQQ by 736.4% during 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 period. Legacy Bridge LLC boosted its position in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the period. BNP Paribas purchased a new position in shares of Invesco QQQ in the third quarter worth about $62,000. Finally, CarsonAllaria Wealth Management Ltd. lifted its stake in shares of Invesco QQQ by 27.2% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 131 shares of the exchange traded fund’s stock valued at $63,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $520.60 on Wednesday. The stock’s 50 day simple moving average is $500.28 and its 200 day simple moving average is $482.21. Invesco QQQ has a 1 year low of $391.53 and a 1 year high of $526.72.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.52%. 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.