Seamount Financial Group Inc. Buys 120 Shares of Invesco QQQ (NASDAQ:QQQ)

Seamount Financial Group Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,369 shares of the exchange traded fund’s stock after purchasing an additional 120 shares during the quarter. Invesco QQQ accounts for 2.0% of Seamount Financial Group Inc.’s portfolio, making the stock its 13th biggest position. Seamount Financial Group Inc.’s holdings in Invesco QQQ were worth $2,620,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in QQQ. Global Assets Advisory LLC purchased a new position in Invesco QQQ during the 1st quarter valued at about $1,580,776,000. Steel Grove Capital Advisors LLC grew its position in shares of Invesco QQQ by 934.0% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after buying an additional 3,102,568 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after buying an additional 2,762,571 shares during the period. Granite Bay Wealth Management LLC raised its holdings in shares of Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after acquiring an additional 894,532 shares in the last quarter. Finally, Harvard Management Co. Inc. purchased a new stake in Invesco QQQ in the first quarter worth $304,591,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $494.47 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The company’s fifty day simple moving average is $477.68 and its two-hundred day simple moving average is $464.99.

Invesco QQQ Cuts Dividend

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

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.