David J Yvars Group Has $12.52 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

David J Yvars Group lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 25,659 shares of the exchange traded fund’s stock after acquiring an additional 1,089 shares during the quarter. Invesco QQQ makes up approximately 7.8% of David J Yvars Group’s portfolio, making the stock its 3rd biggest position. David J Yvars Group’s holdings in Invesco QQQ were worth $12,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in QQQ. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ during the 1st quarter valued at $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the second quarter valued at about $30,000. Chelsea Counsel Co. purchased a new position in Invesco QQQ in the first quarter valued at about $40,000. CGC Financial Services LLC raised its holdings in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its position in shares of Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $505.58 on Thursday. The company’s 50-day simple moving average is $483.00 and its 200-day simple moving average is $470.34. Invesco QQQ has a fifty-two week low of $369.05 and a fifty-two week high of $506.41.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a $0.677 dividend. This represents a $2.71 annualized dividend and a 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.