Lifeworks Advisors LLC Purchases Shares of 6,713 Invesco QQQ (NASDAQ:QQQ)

Lifeworks Advisors LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 6,713 shares of the exchange traded fund’s stock, valued at approximately $3,276,000.

Other institutional investors have also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ during the 1st quarter worth $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the second quarter worth about $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ during the first quarter worth about $40,000. CGC Financial Services LLC boosted its holdings in shares of 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 in the last quarter. Finally, PFG Private Wealth Management LLC increased its position in shares of Invesco QQQ by 572.2% during 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 own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $0.79 during trading hours on Thursday, reaching $511.46. 5,506,558 shares of the stock traded hands, compared to its average volume of 38,082,660. The company’s 50-day simple moving average is $487.42 and its two-hundred day simple moving average is $473.42. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders 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 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.