Invesco QQQ (NASDAQ:QQQ) is Aurora Investment Managers LLC.’s 7th Largest Position

Aurora Investment Managers LLC. grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,561 shares of the exchange traded fund’s stock after purchasing an additional 134 shares during the period. Invesco QQQ accounts for about 3.7% of Aurora Investment Managers LLC.’s investment portfolio, making the stock its 7th largest position. Aurora Investment Managers LLC.’s holdings in Invesco QQQ were worth $6,131,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of QQQ. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp purchased a new stake in Invesco QQQ in the second quarter valued at approximately $30,000. Chelsea Counsel Co. purchased a new stake in Invesco QQQ in the first quarter valued at approximately $40,000. CGC Financial Services LLC grew its holdings in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its holdings in Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $3.57 during trading on Friday, reaching $494.82. The company had a trading volume of 2,377,321 shares, compared to its average volume of 38,900,105. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The stock’s 50 day moving average price is $476.80 and its two-hundred day moving average price is $464.48.

Invesco QQQ Cuts Dividend

The firm 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 annualized dividend 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.