Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Tanager Wealth Management LLP

Tanager Wealth Management LLP boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,085 shares of the exchange traded fund’s stock after buying an additional 37 shares during the period. Tanager Wealth Management LLP’s holdings in Invesco QQQ were worth $1,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ during the first quarter worth $28,000. Mechanics Financial Corp purchased a new position in Invesco QQQ in the 2nd quarter worth $30,000. Chelsea Counsel Co. purchased a new position in Invesco QQQ in the 1st quarter worth $40,000. CGC Financial Services LLC lifted its position in Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its stake in Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $488.36 on Thursday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The stock’s 50-day simple moving average is $479.75 and its 200-day simple moving average is $466.12.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued a $0.677 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend 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.