CWS Financial Advisors LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

CWS Financial Advisors LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,808 shares of the exchange traded fund’s stock, valued at approximately $1,859,000. Invesco QQQ makes up about 0.7% of CWS Financial Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PBCay One RSC Ltd lifted its stake in shares of Invesco QQQ by 6.2% in the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after buying an additional 22,000 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Invesco QQQ by 140.6% in the 1st quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock valued at $108,000 after acquiring an additional 142 shares in the last quarter. Vanguard Group Inc. lifted its position in Invesco QQQ by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock valued at $7,779,000 after acquiring an additional 832 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Invesco QQQ during the 1st quarter valued at $210,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Invesco QQQ in the 1st quarter worth $185,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $505.30 on Friday. Invesco QQQ has a 1-year low of $382.66 and a 1-year high of $515.58. The business has a fifty day moving average price of $495.58 and a 200-day moving average price of $478.50.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 dividend on an annualized basis 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.