Invesco QQQ (NASDAQ:QQQ) Shares Bought by KCM Investment Advisors LLC

KCM Investment Advisors LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 1.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 43,110 shares of the exchange traded fund’s stock after purchasing an additional 633 shares during the quarter. KCM Investment Advisors LLC’s holdings in Invesco QQQ were worth $21,040,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ during the first quarter worth about $28,000. Mechanics Financial Corp purchased a new stake in Invesco QQQ during the second quarter worth about $30,000. Chelsea Counsel Co. purchased a new stake in Invesco QQQ during the first quarter worth about $40,000. CGC Financial Services LLC increased its stake in Invesco QQQ by 736.4% during the second 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 during the period. Finally, PFG Private Wealth Management LLC increased its stake in Invesco QQQ by 572.2% during the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.8 %

NASDAQ:QQQ traded down $8.97 on Friday, reaching $499.72. 9,521,561 shares of the company’s stock were exchanged, compared to its average volume of 38,064,504. The business has a fifty day moving average of $488.38 and a 200-day moving average of $473.67. 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. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%.

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.