Heritage Financial Services LLC Acquires 79 Shares of Invesco QQQ (NASDAQ:QQQ)

Heritage Financial Services LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 11.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 782 shares of the exchange traded fund’s stock after purchasing an additional 79 shares during the quarter. Heritage Financial Services LLC’s holdings in Invesco QQQ were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ in the second quarter valued at $30,000. Chelsea Counsel Co. purchased a new position in shares of Invesco QQQ during the 1st quarter valued at $40,000. CGC Financial Services LLC grew its stake in shares of 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. increased its holdings 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 worth $46,000 after acquiring an additional 24 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.6 %

Shares of NASDAQ:QQQ opened at $495.28 on Friday. The company has a 50-day moving average price of $479.75 and a two-hundred day moving average price of $466.12. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders 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 dividend 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.