Invesco QQQ (NASDAQ:QQQ) Shares Acquired by LJI Wealth Management LLC

LJI Wealth Management LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,420 shares of the exchange traded fund’s stock after buying an additional 1,355 shares during the period. Invesco QQQ accounts for 2.9% of LJI Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. LJI Wealth Management LLC’s holdings in Invesco QQQ were worth $14,359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ in the 1st quarter valued at $28,000. Mechanics Financial Corp purchased a new stake in Invesco QQQ in the 2nd quarter valued at $30,000. Chelsea Counsel Co. purchased a new stake in Invesco QQQ in the 1st quarter valued at $40,000. CGC Financial Services LLC raised its position 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 valued at $44,000 after purchasing an additional 81 shares during the last quarter. Finally, PFG Private Wealth Management LLC raised its position in Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.4 %

Invesco QQQ stock traded down $12.12 during trading hours on Friday, reaching $496.57. 51,461,054 shares of the stock were exchanged, compared to its average volume of 38,252,949. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58. The firm’s 50 day moving average is $489.33 and its 200 day moving average is $474.11.

Invesco QQQ Cuts Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis 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.