Ascent Wealth Partners LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Ascent Wealth Partners LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,245 shares of the exchange traded fund’s stock after purchasing an additional 335 shares during the period. Invesco QQQ accounts for about 6.4% of Ascent Wealth Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Ascent Wealth Partners LLC’s holdings in Invesco QQQ were worth $45,998,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Westwood Holdings Group Inc. grew its position in Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after purchasing an additional 1,993 shares in the last quarter. Bank Hapoalim BM grew its position in Invesco QQQ by 5.5% during the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after purchasing an additional 6,347 shares in the last quarter. Socha Financial Group LLC grew 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 in the last quarter. SVB Wealth LLC grew its position in Invesco QQQ by 15.2% during the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after purchasing an additional 2,453 shares in the last quarter. Finally, WFA Asset Management Corp grew its position in Invesco QQQ by 70.6% during the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after purchasing an additional 1,894 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.8 %

NASDAQ QQQ traded up $4.29 on Thursday, hitting $509.87. 3,841,401 shares of the stock were exchanged, compared to its average volume of 38,349,672. Invesco QQQ has a 52-week low of $369.57 and a 52-week high of $510.44. The company’s 50-day moving average price is $483.00 and its two-hundred day moving average price is $470.34.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was 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.