Montz Harcus Wealth Management LLC Buys 181 Shares of Invesco QQQ (NASDAQ:QQQ)

Montz Harcus Wealth Management LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,471 shares of the exchange traded fund’s stock after buying an additional 181 shares during the period. Invesco QQQ accounts for about 2.4% of Montz Harcus Wealth Management LLC’s investment portfolio, making the stock its 12th largest holding. Montz Harcus Wealth Management LLC’s holdings in Invesco QQQ were worth $4,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $28,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ during the 2nd quarter worth $30,000. Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at $40,000. CGC Financial Services LLC lifted its stake 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 valued at $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. boosted its position in shares of Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.6 %

NASDAQ:QQQ traded up $3.00 during mid-day trading on Friday, hitting $495.32. The company had a trading volume of 38,762,143 shares, compared to its average volume of 38,829,707. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The business’s fifty day moving average is $480.51 and its two-hundred day moving average is $466.85.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be given a $0.677 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

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.