Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 13.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,962 shares of the exchange traded fund’s stock after acquiring an additional 1,284 shares during the quarter. Invesco QQQ accounts for about 2.9% of Duncan Williams Asset Management LLC’s investment portfolio, making the stock its 7th largest holding. Duncan Williams Asset Management LLC’s holdings in Invesco QQQ were worth $5,350,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of QQQ. Private Client Services LLC raised its stake in shares of Invesco QQQ by 13.0% in the 3rd quarter. Private Client Services LLC now owns 6,315 shares of the exchange traded fund’s stock valued at $3,082,000 after purchasing an additional 727 shares during the period. Capital Market Strategies LLC boosted its position in Invesco QQQ by 3.5% during the 3rd quarter. Capital Market Strategies LLC now owns 4,599 shares of the exchange traded fund’s stock worth $2,245,000 after acquiring an additional 156 shares during the last quarter. Monterey Private Wealth Inc. grew its stake in shares of Invesco QQQ by 8.7% during the 3rd quarter. Monterey Private Wealth Inc. now owns 13,840 shares of the exchange traded fund’s stock worth $6,755,000 after acquiring an additional 1,111 shares in the last quarter. CJM Wealth Advisers Ltd. lifted its position in shares of Invesco QQQ by 0.5% in the third quarter. CJM Wealth Advisers Ltd. now owns 113,441 shares of the exchange traded fund’s stock worth $55,367,000 after purchasing an additional 578 shares in the last quarter. Finally, Apella Capital LLC boosted its holdings in Invesco QQQ by 9.7% during the third quarter. Apella Capital LLC now owns 3,697 shares of the exchange traded fund’s stock worth $1,782,000 after purchasing an additional 326 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1 %

Invesco QQQ stock opened at $481.59 on Friday. The company has a fifty day simple moving average of $469.07 and a 200 day simple moving average of $461.18. 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. Investors of record on Monday, September 23rd will be issued 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 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.