Semus Wealth Partners LLC Acquires 665 Shares of Invesco QQQ (NASDAQ:QQQ)

Semus Wealth Partners LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 15.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,105 shares of the exchange traded fund’s stock after buying an additional 665 shares during the quarter. Invesco QQQ makes up about 1.7% of Semus Wealth Partners LLC’s holdings, making the stock its 14th biggest position. Semus Wealth Partners LLC’s holdings in Invesco QQQ were worth $2,491,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ in the 1st quarter worth $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. bought a new position in shares of Invesco QQQ in the first quarter worth about $40,000. CGC Financial Services LLC raised its stake in shares of Invesco QQQ by 736.4% in the second 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 during the last quarter. Finally, PFG Private Wealth Management LLC raised its stake in shares of Invesco QQQ by 572.2% in the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 103 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.3 %

Shares of NASDAQ:QQQ opened at $498.11 on Monday. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58. The company has a 50 day moving average of $489.33 and a 200-day moving average of $474.83.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

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.