TriaGen Wealth Management LLC Buys New Position in Invesco QQQ (NASDAQ:QQQ)

TriaGen Wealth Management LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 553 shares of the exchange traded fund’s stock, valued at approximately $270,000.

A number of other institutional investors also recently made changes to their positions in the stock. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ in the first quarter valued at $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ in the second quarter worth about $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ in the 1st quarter valued at about $40,000. CGC Financial Services LLC boosted its position in shares of Invesco QQQ by 736.4% during the 2nd 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 in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. grew its stake in shares of Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.7 %

NASDAQ QQQ 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 50 day simple moving average is $477.68 and its 200 day simple moving average is $464.99.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given 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 dividend yield of 0.55%.

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.