Certified Advisory Corp Has $25.98 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Certified Advisory Corp increased its stake in Invesco QQQ (NASDAQ:QQQ) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 53,225 shares of the exchange traded fund’s stock after buying an additional 1,675 shares during the quarter. Invesco QQQ makes up about 2.9% of Certified Advisory Corp’s portfolio, making the stock its 3rd largest position. Certified Advisory Corp’s holdings in Invesco QQQ were worth $25,978,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nicolet Advisory Services LLC increased its holdings in Invesco QQQ by 9.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,200 shares of the exchange traded fund’s stock worth $578,000 after acquiring an additional 106 shares during the period. GenTrust LLC grew its position in shares of Invesco QQQ by 105.4% during the 3rd quarter. GenTrust LLC now owns 83,865 shares of the exchange traded fund’s stock valued at $40,989,000 after purchasing an additional 43,040 shares in the last quarter. Nwam LLC bought a new position in shares of Invesco QQQ in the third quarter worth $37,573,000. Meridian Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the third quarter worth $77,091,000. Finally, Icon Wealth Advisors LLC boosted its stake in Invesco QQQ by 16.7% during the third quarter. Icon Wealth Advisors LLC now owns 1,081 shares of the exchange traded fund’s stock valued at $528,000 after buying an additional 155 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $505.79 on Friday. The business has a 50-day simple moving average of $493.08 and a 200 day simple 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 annualized dividend 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.