Affiance Financial LLC Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Affiance Financial LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 3.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,881 shares of the exchange traded fund’s stock after acquiring an additional 109 shares during the period. Affiance Financial LLC’s holdings in Invesco QQQ were worth $1,406,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ in the 1st quarter worth $28,000. Deane Retirement Strategies Inc. purchased a new position in shares of Invesco QQQ in the 1st quarter worth $29,000. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ in the 2nd quarter worth $30,000. Voisard Asset Management Group Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter worth $35,000. Finally, Chelsea Counsel Co. purchased a new position in shares of Invesco QQQ in the 1st quarter worth $40,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.2 %

QQQ stock opened at $493.36 on Monday. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The company has a 50-day moving average price of $472.55 and a 200 day moving average price of $463.40.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

(Free Report)

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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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