Pinkerton Wealth LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 20.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,825 shares of the exchange traded fund's stock after selling 10,926 shares during the period. Invesco QQQ comprises 2.8% of Pinkerton Wealth LLC's portfolio, making the stock its 11th largest holding. Pinkerton Wealth LLC's holdings in Invesco QQQ were worth $25,711,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Goodman Advisory Group LLC bought a new position in Invesco QQQ in the 3rd quarter worth $25,000. Navigoe LLC grew its holdings in Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund's stock valued at $36,000 after purchasing an additional 45 shares during the period. PayPay Securities Corp grew its holdings in Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund's stock valued at $41,000 after purchasing an additional 30 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in Invesco QQQ in the third quarter worth about $42,000. Finally, Accent Capital Management LLC raised its stake in shares of Invesco QQQ by 43.1% in the third quarter. Accent Capital Management LLC now owns 83 shares of the exchange traded fund's stock worth $50,000 after buying an additional 25 shares during the period. 44.58% of the stock is currently owned by institutional investors.
Key Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
Invesco QQQ Stock Up 1.3%
QQQ stock opened at $607.76 on Tuesday. The business's 50-day moving average price is $614.35 and its 200-day moving average price is $608.10. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.
Invesco QQQ Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.69.
About Invesco QQQ
(
Free Report)
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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