Invesco QQQ (NASDAQ:QQQ) Stock Position Boosted by Lwmg LLC

Lwmg LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 1.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,055 shares of the exchange traded fund’s stock after purchasing an additional 1,460 shares during the period. Invesco QQQ accounts for about 7.1% of Lwmg LLC’s investment portfolio, making the stock its 5th biggest position. Lwmg LLC’s holdings in Invesco QQQ were worth $37,608,000 at the end of the most recent reporting period.

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

Invesco QQQ Trading Up 1.2 %

Shares of NASDAQ QQQ traded up $5.73 during mid-day trading on Friday, reaching $487.32. 30,744,909 shares of the company were exchanged, compared to its average volume of 39,685,844. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The firm has a 50-day moving average of $469.56 and a 200 day moving average of $461.52.

Invesco QQQ Cuts Dividend

The company 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 $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, September 23rd.

Invesco QQQ 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.