TD Private Client Wealth LLC Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

TD Private Client Wealth LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,295 shares of the exchange traded fund’s stock after acquiring an additional 3,839 shares during the period. Invesco QQQ comprises approximately 1.2% of TD Private Client Wealth LLC’s portfolio, making the stock its 18th biggest holding. TD Private Client Wealth LLC’s holdings in Invesco QQQ were worth $42,606,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of QQQ. Vanguard Group Inc. raised its stake in shares of Invesco QQQ by 5.0% in the first quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock valued at $7,779,000 after buying an additional 832 shares during the period. Lantz Financial LLC bought a new stake in Invesco QQQ in the 2nd quarter valued at about $214,000. ORG Partners LLC purchased a new stake in Invesco QQQ during the second quarter valued at about $767,000. Midwest Financial Group LLC boosted its position in Invesco QQQ by 2.4% during the second quarter. Midwest Financial Group LLC now owns 12,018 shares of the exchange traded fund’s stock worth $5,758,000 after purchasing an additional 278 shares during the period. Finally, Leavell Investment Management Inc. increased its stake in shares of Invesco QQQ by 8.0% in the second quarter. Leavell Investment Management Inc. now owns 16,092 shares of the exchange traded fund’s stock worth $7,722,000 after purchasing an additional 1,195 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $520.60 on Wednesday. The firm’s 50 day moving average is $500.28 and its 200 day moving average is $482.21. Invesco QQQ has a 12 month low of $391.53 and a 12 month high of $526.72.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued 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 yield of 0.52%.

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.