Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Canal Capital Management LLC

Canal Capital Management LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 13.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,542 shares of the exchange traded fund’s stock after buying an additional 2,230 shares during the quarter. Invesco QQQ accounts for approximately 1.4% of Canal Capital Management LLC’s portfolio, making the stock its 16th largest holding. Canal Capital Management LLC’s holdings in Invesco QQQ were worth $9,050,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in QQQ. Heritage Financial Services LLC grew its holdings in Invesco QQQ by 11.2% in the third quarter. Heritage Financial Services LLC now owns 782 shares of the exchange traded fund’s stock valued at $382,000 after purchasing an additional 79 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Invesco QQQ by 0.7% in the 3rd quarter. Ballentine Partners LLC now owns 39,370 shares of the exchange traded fund’s stock worth $19,215,000 after buying an additional 278 shares in the last quarter. Heritage Oak Wealth Advisors LLC acquired a new stake in Invesco QQQ in the 3rd quarter valued at about $7,923,000. Busey Bank increased its holdings in Invesco QQQ by 9.0% during the 3rd quarter. Busey Bank now owns 11,385 shares of the exchange traded fund’s stock valued at $5,557,000 after acquiring an additional 943 shares in the last quarter. Finally, Silver Oak Securities Incorporated raised its position in Invesco QQQ by 48.1% during the third quarter. Silver Oak Securities Incorporated now owns 32,807 shares of the exchange traded fund’s stock worth $15,948,000 after acquiring an additional 10,656 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.6 %

Shares of NASDAQ QQQ opened at $495.32 on Friday. The firm’s 50-day moving average is $480.10 and its two-hundred day moving average is $466.30. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Monday, September 23rd.

Invesco QQQ Profile

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.