Cerro Pacific Wealth Advisors LLC Buys 366 Shares of Invesco QQQ (NASDAQ:QQQ)

Cerro Pacific Wealth Advisors LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,261 shares of the exchange traded fund’s stock after purchasing an additional 366 shares during the period. Invesco QQQ makes up approximately 5.5% of Cerro Pacific Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Cerro Pacific Wealth Advisors LLC’s holdings in Invesco QQQ were worth $14,977,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of QQQ. Atwater Malick LLC acquired a new position in Invesco QQQ during the first quarter worth $293,000. Westwood Holdings Group Inc. boosted its position in Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after purchasing an additional 1,993 shares in the last quarter. GenWealth Group Inc. boosted its position in Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after purchasing an additional 2,325 shares in the last quarter. Socha Financial Group LLC boosted its position in Invesco QQQ by 1.3% during the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after purchasing an additional 1,153 shares in the last quarter. Finally, SVB Wealth LLC boosted its position in Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after purchasing an additional 2,453 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1 %

QQQ opened at $492.59 on Friday. The business’s fifty day moving average is $471.66 and its two-hundred day moving average is $462.79. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given 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 yield of 0.55%.

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.