Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Baugh & Associates LLC

Baugh & Associates LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 20.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 782 shares of the exchange traded fund’s stock after purchasing an additional 132 shares during the quarter. Baugh & Associates LLC’s holdings in Invesco QQQ were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ during the 1st quarter valued at about $28,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ during the 2nd quarter valued at about $30,000. Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ during the 1st quarter valued at about $40,000. CGC Financial Services LLC increased its stake in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its stake 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 valued at $46,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.7 %

NASDAQ QQQ opened at $505.58 on Thursday. Invesco QQQ has a 12 month low of $369.05 and a 12 month high of $506.41. The company has a 50-day moving average of $483.00 and a 200-day moving average of $470.34.

Invesco QQQ Cuts Dividend

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

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.