WFA Asset Management Corp Grows Position in Invesco QQQ (NASDAQ:QQQ)

WFA Asset Management Corp boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 8.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,096 shares of the exchange traded fund’s stock after purchasing an additional 537 shares during the quarter. Invesco QQQ comprises 1.9% of WFA Asset Management Corp’s portfolio, making the stock its 13th largest position. WFA Asset Management Corp’s holdings in Invesco QQQ were worth $3,464,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ during the first quarter valued at approximately $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ during the second quarter valued at approximately $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ during the first quarter valued at approximately $40,000. CGC Financial Services LLC lifted its position in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its position in Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.0 %

Shares of QQQ stock opened at $487.66 on Monday. Invesco QQQ has a fifty-two week low of $366.91 and a fifty-two week high of $503.52. The firm’s 50 day moving average price is $481.80 and its two-hundred day moving average price is $469.11.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.56%.

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.