Trilogy Capital Inc. Grows Stake in Invesco QQQ (NASDAQ:QQQ)

Trilogy Capital Inc. increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 238,166 shares of the exchange traded fund’s stock after acquiring an additional 11,935 shares during the period. Invesco QQQ comprises 5.9% of Trilogy Capital Inc.’s portfolio, making the stock its biggest position. Trilogy Capital Inc.’s holdings in Invesco QQQ were worth $116,242,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ during the first quarter worth approximately $28,000. Mechanics Financial Corp purchased a new position in Invesco QQQ during the 2nd quarter worth $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ during the 1st quarter valued at $40,000. CGC Financial Services LLC lifted its holdings 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 worth $44,000 after buying an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its position in shares of Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $494.47 on Monday. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The stock’s fifty day moving average price is $477.68 and its 200-day moving average price is $465.15.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.55%.

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.