Saxon Interests Inc. Buys 640 Shares of Invesco QQQ (NASDAQ:QQQ)

Saxon Interests Inc. boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 13.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,441 shares of the exchange traded fund’s stock after acquiring an additional 640 shares during the quarter. Invesco QQQ accounts for 1.2% of Saxon Interests Inc.’s portfolio, making the stock its 19th biggest holding. Saxon Interests Inc.’s holdings in Invesco QQQ were worth $2,656,000 at the end of the most recent reporting period.

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

Invesco QQQ Trading Up 0.4 %

Shares of QQQ stock traded up $1.85 during trading hours on Wednesday, hitting $491.15. The stock had a trading volume of 7,096,674 shares, compared to its average volume of 39,385,125. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The stock’s 50-day moving average price is $470.56 and its two-hundred day moving average price is $462.37.

Invesco QQQ Cuts Dividend

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