Carlton Hofferkamp & Jenks Wealth Management LLC Raises Stake in Invesco QQQ (NASDAQ:QQQ)

Carlton Hofferkamp & Jenks Wealth Management LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,513 shares of the exchange traded fund’s stock after purchasing an additional 462 shares during the quarter. Invesco QQQ comprises approximately 1.3% of Carlton Hofferkamp & Jenks Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Invesco QQQ were worth $4,137,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Westwood Holdings Group Inc. grew its stake in Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after buying an additional 1,993 shares during the last quarter. Socha Financial Group LLC grew its stake in shares of Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares during the last quarter. Bank Hapoalim BM grew its stake in shares of Invesco QQQ by 5.5% in the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock valued at $59,250,000 after purchasing an additional 6,347 shares during the last quarter. SVB Wealth LLC grew its stake in shares of Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after purchasing an additional 2,453 shares during the last quarter. Finally, Arrow Financial Corp grew its stake in shares of Invesco QQQ by 7.2% in the 3rd quarter. Arrow Financial Corp now owns 141,366 shares of the exchange traded fund’s stock valued at $68,997,000 after purchasing an additional 9,516 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

Shares of QQQ stock opened at $512.91 on Wednesday. The business’s 50 day moving average is $486.39 and its two-hundred day moving average is $473.15. Invesco QQQ has a twelve month low of $375.24 and a twelve month high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%.

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.