Invesco QQQ $QQQ Stake Boosted by Vigilare Wealth Management

Key Points

• Vigilare Wealth Management increased its Invesco QQQ stake by 206.2% in the third quarter, adding 7,331 shares to hold 10,886 shares valued at approximately $8.05 million.
• Several other institutional investors also raised their QQQ positions, while institutional investors and hedge funds collectively owned 44.58% of the ETF.
• QQQ opened at $690.49, compared with a 52-week range of $555.60 to $762.86. Its quarterly dividend fell to $0.7514 per share, implying an annualized yield of about 0.4%.

Vigilare Wealth Management boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 206.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,886 shares of the exchange traded fund's stock after acquiring an additional 7,331 shares during the period. Invesco QQQ accounts for 2.5% of Vigilare Wealth Management's holdings, making the stock its 9th biggest position. Vigilare Wealth Management's holdings in Invesco QQQ were worth $8,054,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Welch Group LLC increased its stake in Invesco QQQ by 7.2% during the 3rd quarter. Welch Group LLC now owns 4,749 shares of the exchange traded fund's stock worth $3,513,000 after acquiring an additional 317 shares during the period. True Freedom Investing LLC grew its holdings in shares of Invesco QQQ by 173.2% during the 3rd quarter. True Freedom Investing LLC now owns 16,038 shares of the exchange traded fund's stock worth $11,865,000 after purchasing an additional 10,167 shares in the last quarter. Pinnacle Financial Group LLC IL grew its holdings in shares of Invesco QQQ by 2.5% during the 3rd quarter. Pinnacle Financial Group LLC IL now owns 2,310 shares of the exchange traded fund's stock worth $1,709,000 after purchasing an additional 57 shares in the last quarter. Walled Lake Planning & Wealth Management LLC increased its position in shares of Invesco QQQ by 11.0% in the third quarter. Walled Lake Planning & Wealth Management LLC now owns 2,045 shares of the exchange traded fund's stock worth $1,513,000 after purchasing an additional 202 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in Invesco QQQ by 4.1% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 398,824 shares of the exchange traded fund's stock valued at $294,622,000 after purchasing an additional 15,659 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $690.49 on Monday. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86. The stock's fifty day moving average price is $725.00 and its two-hundred day moving average price is $679.01.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were given a dividend of $0.7514 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135.

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.

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