Ted Buchan & Co Purchases Shares of 1,363 Invesco QQQ (NASDAQ:QQQ)

Ted Buchan & Co acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,363 shares of the exchange traded fund’s stock, valued at approximately $653,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Next Capital Management LLC lifted its stake in shares of Invesco QQQ by 0.7% in the 2nd quarter. Next Capital Management LLC now owns 23,757 shares of the exchange traded fund’s stock valued at $11,382,000 after purchasing an additional 160 shares during the period. Senator Investment Group LP acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at about $26,054,000. HWG Holdings LP acquired a new position in Invesco QQQ during the 2nd quarter worth approximately $11,806,000. Hershey Financial Advisers LLC acquired a new position in Invesco QQQ during the 2nd quarter worth approximately $428,000. Finally, EP Wealth Advisors LLC raised its stake in Invesco QQQ by 3.5% during the 2nd quarter. EP Wealth Advisors LLC now owns 92,074 shares of the exchange traded fund’s stock worth $44,113,000 after buying an additional 3,090 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.3 %

QQQ stock opened at $488.07 on Tuesday. The stock’s 50 day simple moving average is $468.22 and its 200 day simple moving average is $460.55. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be paid a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

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.