GW Henssler & Associates Ltd. Purchases New Shares in Invesco QQQ (NASDAQ:QQQ)

GW Henssler & Associates Ltd. purchased a new stake in Invesco QQQ (NASDAQ:QQQ) during the third quarter, Holdings Channel reports. The institutional investor purchased 1,301 shares of the exchange traded fund’s stock, valued at approximately $635,000.

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

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $2.61 on Tuesday, reaching $498.01. 8,837,643 shares of the company were exchanged, compared to its average volume of 38,599,094. Invesco QQQ has a 1-year low of $346.45 and a 1-year high of $503.52. The stock’s 50 day moving average price is $480.79 and its 200-day moving average price is $467.41.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Monday, September 23rd.

Invesco QQQ Company 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.