Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Graypoint LLC

Graypoint LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,744 shares of the exchange traded fund’s stock after purchasing an additional 101 shares during the quarter. Graypoint LLC’s holdings in Invesco QQQ were worth $851,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in QQQ. Blake Schutter Theil Wealth Advisors LLC acquired a new position in Invesco QQQ in the third quarter valued at approximately $831,000. Socha Financial Group LLC grew its stake in Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares during the last quarter. Spinnaker Trust increased its position in Invesco QQQ by 1.6% in the third quarter. Spinnaker Trust now owns 45,240 shares of the exchange traded fund’s stock worth $22,080,000 after buying an additional 703 shares during the period. American Capital Advisory LLC lifted its stake in Invesco QQQ by 55.3% in the third quarter. American Capital Advisory LLC now owns 250 shares of the exchange traded fund’s stock valued at $122,000 after buying an additional 89 shares during the last quarter. Finally, Maia Wealth LLC boosted its holdings in shares of Invesco QQQ by 2.3% during the third quarter. Maia Wealth LLC now owns 1,607 shares of the exchange traded fund’s stock valued at $791,000 after acquiring an additional 36 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.6 %

QQQ stock opened at $513.54 on Friday. The firm’s 50-day simple moving average is $483.00 and its 200 day simple moving average is $470.34. Invesco QQQ has a fifty-two week low of $369.57 and a fifty-two week high of $514.33.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%.

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.