Principal Securities Inc. Buys 890 Shares of Invesco QQQ (NASDAQ:QQQ)

Principal Securities Inc. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,708 shares of the exchange traded fund’s stock after purchasing an additional 890 shares during the quarter. Principal Securities Inc.’s holdings in Invesco QQQ were worth $20,845,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ in the 1st quarter valued at about $28,000. Mechanics Financial Corp bought a new position in Invesco QQQ during the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. bought a new position in Invesco QQQ during the 1st quarter worth approximately $40,000. CGC Financial Services LLC boosted its stake in 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 last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its stake in Invesco QQQ by 30.4% during 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. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $483.85 on Friday. The company’s 50 day simple moving average is $481.65 and its 200 day simple moving average is $468.15. Invesco QQQ has a fifty-two week low of $346.62 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was 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.