Cherrydale Wealth Management LLC Buys 482 Shares of Invesco QQQ (NASDAQ:QQQ)

Cherrydale Wealth Management LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,924 shares of the exchange traded fund’s stock after purchasing an additional 482 shares during the quarter. Invesco QQQ accounts for about 1.2% of Cherrydale Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. Cherrydale Wealth Management LLC’s holdings in Invesco QQQ were worth $2,891,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ during the first quarter worth about $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the second quarter worth about $30,000. Deane Retirement Strategies Inc. bought a new stake in Invesco QQQ during the first quarter worth about $29,000. Voisard Asset Management Group Inc. bought a new stake in Invesco QQQ during the fourth quarter worth about $35,000. Finally, Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ during the first quarter worth approximately $40,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $4.58 during trading hours on Monday, reaching $497.94. 3,602,557 shares of the company were exchanged, compared to its average volume of 39,131,285. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The stock’s fifty day moving average is $472.55 and its two-hundred day moving average is $463.40.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors 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 yield of 0.54%.

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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