Invesco QQQ (NASDAQ:QQQ) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 9.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,138 shares of the exchange traded fund’s stock after buying an additional 766 shares during the quarter. King Luther Capital Management Corp’s holdings in Invesco QQQ were worth $4,460,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ during the 1st quarter worth about $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth $30,000. Chelsea Counsel Co. purchased a new position in shares of Invesco QQQ in the 1st quarter worth $40,000. CGC Financial Services LLC raised its position 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, Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $505.79 on Friday. The firm has a fifty day moving average of $493.08 and a 200-day moving average of $476.67. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given 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 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.