Invesco QQQ (NASDAQ:QQQ) Shares Acquired by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,302 shares of the exchange traded fund’s stock after buying an additional 24 shares during the period. ST Germain D J Co. Inc.’s holdings in Invesco QQQ were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Congress Asset Management Co. MA purchased a new position in Invesco QQQ during the first quarter worth about $215,000. Bangor Savings Bank boosted its stake in Invesco QQQ by 29.6% during the first quarter. Bangor Savings Bank now owns 875 shares of the exchange traded fund’s stock worth $389,000 after buying an additional 200 shares during the period. Salem Investment Counselors Inc. boosted its stake in Invesco QQQ by 0.7% during the first quarter. Salem Investment Counselors Inc. now owns 5,816 shares of the exchange traded fund’s stock worth $2,586,000 after buying an additional 42 shares during the period. High Net Worth Advisory Group LLC boosted its stake in Invesco QQQ by 17.5% during the first quarter. High Net Worth Advisory Group LLC now owns 826 shares of the exchange traded fund’s stock worth $367,000 after buying an additional 123 shares during the period. Finally, Northwest Investment Counselors LLC boosted its stake in Invesco QQQ by 5.0% during the first quarter. Northwest Investment Counselors LLC now owns 2,327 shares of the exchange traded fund’s stock worth $1,033,000 after buying an additional 111 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $494.47 on Friday. The firm has a 50 day simple moving average of $477.68 and a 200-day simple moving average of $464.99. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

The company 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. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.55%.

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.