Fox Financial Inc Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Fox Financial Inc lifted its position in Invesco QQQ (NASDAQ:QQQ) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,232 shares of the exchange traded fund’s stock after buying an additional 139 shares during the period. Invesco QQQ comprises 17.5% of Fox Financial Inc’s portfolio, making the stock its 2nd largest holding. Fox Financial Inc’s holdings in Invesco QQQ were worth $20,124,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. bought a new position in Invesco QQQ in the first quarter worth approximately $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ in the second quarter worth about $30,000. Chelsea Counsel Co. purchased a new position in Invesco QQQ in the 1st quarter worth approximately $40,000. CGC Financial Services LLC boosted its stake in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. boosted its position in shares of Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after acquiring an additional 24 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $492.21 on Wednesday. The business has a 50 day simple moving average of $482.32 and a two-hundred day simple moving average of $470.09. Invesco QQQ has a 1-year low of $366.91 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.55%.

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.