Invesco QQQ (NASDAQ:QQQ) Shares Bought by Transform Wealth LLC

Transform Wealth LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 11.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,384 shares of the exchange traded fund’s stock after acquiring an additional 251 shares during the period. Transform Wealth LLC’s holdings in Invesco QQQ were worth $1,165,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Atwater Malick LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter worth about $293,000. Westwood Holdings Group Inc. raised its stake in shares of Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after acquiring an additional 1,993 shares during the period. GenWealth Group Inc. lifted its holdings in shares of Invesco QQQ by 5.8% during the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after acquiring an additional 2,325 shares in the last quarter. Socha Financial Group LLC boosted its position in Invesco QQQ by 1.3% during the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after purchasing an additional 1,153 shares during the period. Finally, SVB Wealth LLC increased its holdings in 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 in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.3 %

NASDAQ:QQQ traded down $1.56 during mid-day trading on Wednesday, hitting $489.29. The company had a trading volume of 11,562,281 shares, compared to its average volume of 39,080,469. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The business has a fifty day simple moving average of $474.82 and a 200-day simple moving average of $464.10.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

About Invesco QQQ

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.