SouthState Corp Buys 223 Shares of Invesco QQQ (NASDAQ:QQQ)

SouthState Corp boosted its position in Invesco QQQ (NASDAQ:QQQ) by 3.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,968 shares of the exchange traded fund’s stock after purchasing an additional 223 shares during the period. SouthState Corp’s holdings in Invesco QQQ were worth $3,401,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of QQQ. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the second quarter worth about $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ in the 1st quarter worth approximately $40,000. CGC Financial Services LLC boosted its stake in shares of Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares in the last quarter. Finally, PFG Private Wealth Management LLC grew its stake in shares of Invesco QQQ by 572.2% during the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 103 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $500.02 on Tuesday. The firm’s 50-day moving average price is $490.25 and its two-hundred day moving average price is $475.35. Invesco QQQ has a 12-month low of $382.66 and a 12-month high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was 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.