Socha Financial Group LLC Purchases 2,171 Shares of Invesco QQQ (NASDAQ:QQQ)

Socha Financial Group LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,650 shares of the exchange traded fund’s stock after acquiring an additional 2,171 shares during the quarter. Invesco QQQ accounts for 19.4% of Socha Financial Group LLC’s holdings, making the stock its 3rd biggest position. Socha Financial Group LLC’s holdings in Invesco QQQ were worth $44,732,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in QQQ. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ during the first quarter valued at approximately $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $30,000. Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $40,000. CGC Financial Services LLC grew its stake in shares of Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings in 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 during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 2.0 %

Invesco QQQ stock traded up $9.73 during midday trading on Wednesday, reaching $501.94. 15,382,706 shares of the company’s stock were exchanged, compared to its average volume of 38,391,031. The stock’s 50-day simple moving average is $482.32 and its 200 day simple moving average is $470.09. Invesco QQQ has a 52 week low of $369.05 and a 52 week high of $503.79.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco QQQ

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.