Copley Financial Group Inc. Buys Shares of 1,127 Invesco QQQ (NASDAQ:QQQ)

Copley Financial Group Inc. bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the 3rd quarter, HoldingsChannel reports. The fund bought 1,127 shares of the exchange traded fund’s stock, valued at approximately $550,000.

Several other institutional investors also recently bought and sold shares of the company. Little Harbor Advisors LLC lifted its stake in shares of Invesco QQQ by 7.5% during the third quarter. Little Harbor Advisors LLC now owns 18,787 shares of the exchange traded fund’s stock worth $9,169,000 after buying an additional 1,316 shares during the period. Old North State Trust LLC raised its holdings in shares of Invesco QQQ by 3.9% during the third quarter. Old North State Trust LLC now owns 1,437 shares of the exchange traded fund’s stock worth $701,000 after purchasing an additional 54 shares during the last quarter. Peapack Gladstone Financial Corp raised its holdings in shares of Invesco QQQ by 0.4% during the third quarter. Peapack Gladstone Financial Corp now owns 347,863 shares of the exchange traded fund’s stock worth $169,781,000 after purchasing an additional 1,473 shares during the last quarter. Destination Wealth Management raised its holdings in shares of Invesco QQQ by 23.7% during the third quarter. Destination Wealth Management now owns 16,971 shares of the exchange traded fund’s stock worth $8,283,000 after purchasing an additional 3,253 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in shares of Invesco QQQ by 92.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 110,159 shares of the exchange traded fund’s stock worth $53,765,000 after purchasing an additional 52,800 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.2 %

Shares of Invesco QQQ stock traded up $6.11 during trading on Friday, hitting $532.61. 5,265,955 shares of the company’s stock were exchanged, compared to its average volume of 37,103,066. The business has a 50-day simple moving average of $502.92 and a 200-day simple moving average of $483.29. Invesco QQQ has a 52-week low of $395.34 and a 52-week high of $533.17.

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 issued a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.51%.

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.