Invesco QQQ (NASDAQ:QQQ) Shares Bought by Eclectic Associates Inc. ADV

Eclectic Associates Inc. ADV lifted its position in Invesco QQQ (NASDAQ:QQQ) by 46.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,262 shares of the exchange traded fund’s stock after acquiring an additional 400 shares during the quarter. Eclectic Associates Inc. ADV’s holdings in Invesco QQQ were worth $616,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ during the 1st quarter valued at $28,000. Deane Retirement Strategies Inc. bought a new stake in shares of Invesco QQQ in the 1st quarter worth $29,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ in the 2nd quarter worth $30,000. Voisard Asset Management Group Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter worth $35,000. Finally, Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ in the 1st quarter worth $40,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.2 %

Shares of QQQ traded up $5.73 during midday trading on Friday, reaching $487.32. The stock had a trading volume of 30,744,909 shares, compared to its average volume of 39,685,844. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The firm’s 50 day moving average price is $469.56 and its 200-day moving average price is $461.52.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.