Invesco QQQ (NASDAQ:QQQ) is Cetera Investment Advisers’ 5th Largest Position

Cetera Investment Advisers raised its stake in Invesco QQQ (NASDAQ:QQQ) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,644,645 shares of the exchange traded fund’s stock after purchasing an additional 41,318 shares during the quarter. Invesco QQQ comprises about 1.8% of Cetera Investment Advisers’ investment portfolio, making the stock its 5th biggest position. Cetera Investment Advisers owned 0.27% of Invesco QQQ worth $787,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Invesco QQQ Stock Up 0.3 %

Shares of QQQ opened at $488.07 on Tuesday. The business’s 50 day moving average is $468.22 and its two-hundred day moving average is $460.55. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

The business 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 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 yield of 0.55%.

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.