Lmcg Investments LLC Buys 306 Shares of Invesco QQQ (NASDAQ:QQQ)

Lmcg Investments LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,973 shares of the exchange traded fund’s stock after purchasing an additional 306 shares during the quarter. Lmcg Investments LLC’s holdings in Invesco QQQ were worth $5,356,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in shares of Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares during the period. Steel Grove Capital Advisors LLC grew its position in shares of Invesco QQQ by 934.0% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after buying an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC grew its position in Invesco QQQ by 18,691.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after purchasing an additional 2,762,571 shares during the last quarter. Granite Bay Wealth Management LLC grew its position in Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares during the last quarter. Finally, Harvard Management Co. Inc. purchased a new stake in Invesco QQQ during the 1st quarter valued at about $304,591,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock traded up $3.58 during trading on Friday, hitting $487.43. 33,655,757 shares of the stock traded hands, compared to its average volume of 28,420,908. The firm’s 50 day moving average is $481.80 and its two-hundred day moving average is $468.54. Invesco QQQ has a 1 year low of $360.30 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

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