Foster Group Inc. Has $17.52 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Foster Group Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 35,887 shares of the exchange traded fund’s stock after purchasing an additional 111 shares during the period. Foster Group Inc.’s holdings in Invesco QQQ were worth $17,515,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Salvus Wealth Management LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $249,000. Hoffman Alan N Investment Management boosted its stake in shares of Invesco QQQ by 2.1% in the 3rd quarter. Hoffman Alan N Investment Management now owns 1,340 shares of the exchange traded fund’s stock worth $654,000 after buying an additional 28 shares during the last quarter. Fulton Bank N.A. boosted its stake in shares of Invesco QQQ by 34.0% in the 3rd quarter. Fulton Bank N.A. now owns 3,992 shares of the exchange traded fund’s stock worth $1,948,000 after buying an additional 1,014 shares during the last quarter. Founders Capital Management boosted its stake in shares of Invesco QQQ by 1.0% in the 3rd quarter. Founders Capital Management now owns 31,200 shares of the exchange traded fund’s stock worth $15,228,000 after buying an additional 312 shares during the last quarter. Finally, Sandbox Financial Partners LLC lifted its stake in Invesco QQQ by 6.2% in the third quarter. Sandbox Financial Partners LLC now owns 13,065 shares of the exchange traded fund’s stock valued at $6,377,000 after purchasing an additional 766 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock traded down $5.22 during trading on Monday, hitting $482.10. The stock had a trading volume of 24,248,670 shares, compared to its average volume of 39,608,520. The stock’s 50 day moving average is $469.56 and its two-hundred day moving average is $461.81. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

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

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.