Invesco QQQ (NASDAQ:QQQ) is DHJJ Financial Advisors Ltd.’s Largest Position

DHJJ Financial Advisors Ltd. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,621 shares of the exchange traded fund’s stock after purchasing an additional 325 shares during the period. Invesco QQQ comprises about 11.3% of DHJJ Financial Advisors Ltd.’s portfolio, making the stock its biggest position. DHJJ Financial Advisors Ltd.’s holdings in Invesco QQQ were worth $28,611,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ during the 1st quarter worth $28,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ during the second quarter worth approximately $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ in the first quarter valued at approximately $40,000. CGC Financial Services LLC grew its holdings in 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 acquiring an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its holdings in shares of Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.5 %

Shares of QQQ stock opened at $488.36 on Thursday. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The firm has a fifty day moving average price of $479.75 and a 200 day moving average price of $466.12.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend 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.