CWC Advisors LLC. Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

CWC Advisors LLC. purchased a new stake in Invesco QQQ (NASDAQ:QQQ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,546 shares of the exchange traded fund’s stock, valued at approximately $755,000.

Other large investors have also modified their holdings of the company. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ during the first quarter valued at approximately $28,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ during the second quarter worth about $30,000. Chelsea Counsel Co. purchased a new position in Invesco QQQ in the 1st quarter worth approximately $40,000. CGC Financial Services LLC boosted its stake in shares of Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. boosted 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 currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $495.32 on Friday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The business has a 50 day moving average price of $480.10 and a two-hundred day moving average price of $466.30.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is 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.