Wolff Wiese Magana LLC Purchases 206 Shares of Invesco QQQ (NASDAQ:QQQ)

Wolff Wiese Magana LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,082 shares of the exchange traded fund’s stock after purchasing an additional 206 shares during the period. Wolff Wiese Magana LLC’s holdings in Invesco QQQ were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atwater Malick LLC bought a new stake in Invesco QQQ during the 1st quarter worth approximately $293,000. Westwood Holdings Group Inc. grew its stake in shares of Invesco QQQ by 14.1% in the first 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 during the last quarter. GenWealth Group Inc. increased its holdings in Invesco QQQ by 5.8% in the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after purchasing an additional 2,325 shares during the period. Socha Financial Group LLC raised 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 during the last quarter. Finally, SVB Wealth LLC lifted its holdings 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 buying an additional 2,453 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.0 %

NASDAQ QQQ opened at $490.91 on Thursday. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The business’s 50-day moving average price is $475.94 and its two-hundred day moving average price is $464.29.

Invesco QQQ Cuts Dividend

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

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.