Centric Wealth Management Buys 594 Shares of Invesco QQQ (NASDAQ:QQQ)

Centric Wealth Management boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 7.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,493 shares of the exchange traded fund’s stock after buying an additional 594 shares during the quarter. Invesco QQQ comprises 1.1% of Centric Wealth Management’s holdings, making the stock its 20th largest holding. Centric Wealth Management’s holdings in Invesco QQQ were worth $4,294,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ during the second quarter valued at approximately $30,000. Chelsea Counsel Co. purchased a new position in shares of Invesco QQQ in the 1st quarter worth about $40,000. CGC Financial Services LLC boosted its stake in 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. PFG Private Wealth Management LLC grew its position in 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. Finally, Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.8 %

Shares of NASDAQ QQQ opened at $505.30 on Friday. The firm’s 50 day moving average price is $495.58 and its 200-day moving average price is $478.50. 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 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 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ 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.