Icon Wealth Advisors LLC Raises Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Icon Wealth Advisors LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 16.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,081 shares of the exchange traded fund’s stock after acquiring an additional 155 shares during the period. Icon Wealth Advisors LLC’s holdings in Invesco QQQ were worth $528,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ during the first quarter worth approximately $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the 2nd quarter valued at $30,000. Chelsea Counsel Co. purchased a new stake in shares of Invesco QQQ in the 1st quarter worth $40,000. CGC Financial Services LLC grew 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 worth $44,000 after buying an additional 81 shares in the last quarter. Finally, Legacy Bridge LLC increased its stake in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

NASDAQ:QQQ opened at $505.79 on Friday. The company has a 50-day moving average of $493.08 and a 200 day moving average of $476.93. Invesco QQQ has a 1-year low of $382.66 and a 1-year high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.54%.

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.