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

Gerber LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,891 shares of the exchange traded fund’s stock after acquiring an additional 196 shares during the quarter. Invesco QQQ makes up 8.9% of Gerber LLC’s investment portfolio, making the stock its 3rd largest position. Gerber LLC’s holdings in Invesco QQQ were worth $12,148,000 as of its most recent SEC filing.

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 1st quarter worth about $28,000. Mechanics Financial Corp purchased a new stake in Invesco QQQ in the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ in the 1st quarter valued at $40,000. CGC Financial Services LLC lifted 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 purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in shares of 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 acquiring an additional 24 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.0 %

NASDAQ QQQ traded up $0.14 during trading hours on Monday, hitting $494.61. The company had a trading volume of 18,007,354 shares, compared to its average volume of 38,910,277. The firm’s 50 day moving average is $477.68 and its 200 day moving average is $465.15. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

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