Encompass Wealth Advisors LLC Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Encompass Wealth Advisors LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 28.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,897 shares of the exchange traded fund’s stock after buying an additional 415 shares during the period. Encompass Wealth Advisors LLC’s holdings in Invesco QQQ were worth $926,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. WFA Asset Management Corp lifted its stake in shares of Invesco QQQ by 70.6% in the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after acquiring an additional 1,894 shares during the last quarter. PBCay One RSC Ltd lifted its position in Invesco QQQ by 6.2% in the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock valued at $166,504,000 after purchasing an additional 22,000 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Invesco QQQ by 140.6% during the first quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock valued at $108,000 after purchasing an additional 142 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Invesco QQQ in the first quarter worth approximately $844,000. Finally, Interchange Capital Partners LLC bought a new position in shares of Invesco QQQ in the first quarter worth approximately $214,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

NASDAQ:QQQ opened at $512.91 on Wednesday. The company has a fifty day moving average of $486.39 and a 200 day moving average of $473.15. Invesco QQQ has a 52 week low of $375.24 and a 52 week high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was 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.