2,291 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Axecap Investments LLC

Axecap Investments LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,291 shares of the exchange traded fund’s stock, valued at approximately $1,118,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp purchased a new position in Invesco QQQ in the 2nd quarter valued at $30,000. Chelsea Counsel Co. purchased a new position in Invesco QQQ in the 1st quarter valued at $40,000. CGC Financial Services LLC grew its position 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 valued at $44,000 after buying an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. grew its position in Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 1.5 %

NASDAQ:QQQ opened at $488.36 on Thursday. The firm’s fifty day moving average price is $479.75 and its 200 day moving average price is $466.12. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently disclosed 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 yield of 0.55%.

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.