CVA Family Office LLC Grows Stake in Invesco QQQ (NASDAQ:QQQ)

CVA Family Office LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 85.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 7,918 shares of the exchange traded fund’s stock after purchasing an additional 3,658 shares during the quarter. CVA Family Office LLC’s holdings in Invesco QQQ were worth $3,865,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ in the 1st quarter valued at about $28,000. Deane Retirement Strategies Inc. acquired a new position in shares of Invesco QQQ in the first quarter worth about $29,000. Mechanics Financial Corp purchased a new position in Invesco QQQ in the second quarter valued at about $30,000. Voisard Asset Management Group Inc. purchased a new position in Invesco QQQ in the fourth quarter valued at about $35,000. Finally, Chelsea Counsel Co. purchased a new stake in Invesco QQQ during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $0.77 on Friday, hitting $493.36. 20,644,497 shares of the company’s stock traded hands, compared to its average volume of 39,311,230. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The firm’s 50-day moving average is $472.55 and its 200 day moving average is $463.27.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a 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.