Executive Wealth Management LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,648 shares of the exchange traded fund's stock, valued at approximately $6,661,000.
Other hedge funds 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 worth approximately $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ in the second quarter worth $30,000. Chelsea Counsel Co. purchased a new stake in Invesco QQQ during the first quarter valued at about $40,000. CGC Financial Services LLC boosted its position in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund's stock valued at $44,000 after buying an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its stake in shares of Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund's stock valued at $46,000 after buying an additional 24 shares during the last quarter. Institutional investors own 44.58% of the company's stock.
NASDAQ QQQ opened at $514.14 on Friday. Invesco QQQ has a 1-year low of $369.57 and a 1-year high of $514.92. The stock has a 50-day moving average of $484.62 and a 200-day moving average of $471.30.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.53%.
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.
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