First Horizon Advisors Inc. Purchases 3,118 Shares of Invesco QQQ (NASDAQ:QQQ)

First Horizon Advisors Inc. lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 10.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,130 shares of the exchange traded fund’s stock after buying an additional 3,118 shares during the quarter. First Horizon Advisors Inc.’s holdings in Invesco QQQ were worth $16,170,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ during the 1st quarter valued at $28,000. Mechanics Financial Corp purchased a new position in Invesco QQQ during the 2nd quarter valued at about $30,000. Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ in the 1st quarter valued at about $40,000. CGC Financial Services LLC lifted its position in shares of Invesco QQQ by 736.4% in 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, PFG Private Wealth Management LLC boosted its stake in shares of Invesco QQQ by 572.2% during the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 103 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $503.46 on Wednesday. The firm has a 50 day moving average of $491.14 and a 200 day moving average of $475.83. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a $0.677 dividend. 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.