Circle Wealth Management LLC Has $24.56 Million Position in Invesco QQQ (NASDAQ:QQQ)

Circle Wealth Management LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 6.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,316 shares of the exchange traded fund’s stock after buying an additional 3,006 shares during the quarter. Invesco QQQ accounts for 0.5% of Circle Wealth Management LLC’s holdings, making the stock its 18th biggest holding. Circle Wealth Management LLC’s holdings in Invesco QQQ were worth $24,558,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new stake in shares of Invesco QQQ in the third quarter valued at approximately $791,000. Rockefeller Capital Management L.P. increased its stake in Invesco QQQ by 2.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 849,259 shares of the exchange traded fund’s stock worth $414,429,000 after acquiring an additional 18,833 shares during the period. Centric Wealth Management raised its holdings in Invesco QQQ by 7.5% in the 3rd quarter. Centric Wealth Management now owns 8,493 shares of the exchange traded fund’s stock valued at $4,294,000 after acquiring an additional 594 shares in the last quarter. CWS Financial Advisors LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at $1,859,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Invesco QQQ by 2.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,483 shares of the exchange traded fund’s stock valued at $1,212,000 after acquiring an additional 56 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $509.74 on Friday. The stock’s fifty day moving average is $496.13 and its 200 day moving average is $478.96. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58.

Invesco QQQ Cuts Dividend

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