CWS Financial Advisors LLC Acquires New Stake in Invesco QQQ (NASDAQ:QQQ)

CWS Financial Advisors LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,808 shares of the exchange traded fund’s stock, valued at approximately $1,859,000. Invesco QQQ comprises about 0.7% of CWS Financial Advisors LLC’s investment portfolio, making the stock its 22nd largest position.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after buying an additional 32,516,210 shares in the last quarter. Strategic Financial Concepts LLC raised its stake 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 worth $13,307,000 after acquiring an additional 2,762,571 shares during the period. Granite Bay Wealth Management LLC lifted its holdings in Invesco QQQ by 6,215.5% during the second 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 in the last quarter. Mirae Asset Securities USA Inc. bought a new position in shares of Invesco QQQ in the second quarter worth approximately $215,600,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of Invesco QQQ by 6,880.6% in the second quarter. CBIZ Investment Advisory Services LLC now owns 395,588 shares of the exchange traded fund’s stock worth $189,530,000 after purchasing an additional 389,921 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $505.30 on Friday. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58. The company’s fifty day moving average price is $495.58 and its 200-day moving average price is $478.50.

Invesco QQQ Cuts Dividend

The firm 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. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%.

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.