509 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Sky Investment Group LLC

Sky Investment Group LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 509 shares of the exchange traded fund’s stock, valued at approximately $248,000.

Several other large investors also recently modified their holdings of QQQ. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ in the first quarter valued at $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at about $30,000. Chelsea Counsel Co. bought a new position in shares of Invesco QQQ during the first quarter worth about $40,000. CGC Financial Services LLC lifted its position in shares of Invesco QQQ by 736.4% during 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 during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. grew its stake in Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.1 %

NASDAQ QQQ traded down $0.73 on Tuesday, hitting $494.69. 9,539,539 shares of the stock traded hands, compared to its average volume of 38,822,539. The stock has a 50-day moving average of $478.57 and a 200 day moving average of $465.57. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is 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.