Inspirion Wealth Advisors LLC Buys 102 Shares of Invesco QQQ (NASDAQ:QQQ)

Inspirion Wealth Advisors LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,294 shares of the exchange traded fund’s stock after buying an additional 102 shares during the period. Inspirion Wealth Advisors LLC’s holdings in Invesco QQQ were worth $1,120,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ during the first quarter worth about $28,000. Deane Retirement Strategies Inc. purchased a new position in shares of Invesco QQQ in the 1st quarter worth about $29,000. Mechanics Financial Corp bought a new position in Invesco QQQ in the 2nd quarter worth about $30,000. Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ during the 4th quarter valued at about $35,000. Finally, Chelsea Counsel Co. bought a new stake in Invesco QQQ during the 1st quarter valued at about $40,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ traded up $5.73 during trading on Friday, hitting $487.32. 30,744,909 shares of the company’s stock traded hands, compared to its average volume of 39,685,844. The company’s 50 day simple moving average is $469.56 and its two-hundred day simple moving average is $461.52. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be paid a $0.677 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%.

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.