O Brien Wealth Partners LLC Takes $379,000 Position in Invesco QQQ (NASDAQ:QQQ)

O Brien Wealth Partners LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 777 shares of the exchange traded fund’s stock, valued at approximately $379,000.

Several other large investors also recently added to or reduced their stakes in the stock. Trust Co. of Virginia VA purchased a new stake in shares of Invesco QQQ in the first quarter valued at $306,000. Grimes & Company Inc. raised its position in Invesco QQQ by 4.1% in the 1st quarter. Grimes & Company Inc. now owns 5,206 shares of the exchange traded fund’s stock worth $2,311,000 after purchasing an additional 203 shares during the period. Home Federal Bank of Tennessee raised its position in Invesco QQQ by 10.8% in the 1st quarter. Home Federal Bank of Tennessee now owns 4,563 shares of the exchange traded fund’s stock worth $2,026,000 after purchasing an additional 443 shares during the period. CRA Financial Services LLC lifted its stake in Invesco QQQ by 4.4% in the first quarter. CRA Financial Services LLC now owns 36,604 shares of the exchange traded fund’s stock worth $16,252,000 after purchasing an additional 1,551 shares during the last quarter. Finally, Winthrop Advisory Group LLC boosted its position in shares of Invesco QQQ by 5.1% during the first quarter. Winthrop Advisory Group LLC now owns 106,758 shares of the exchange traded fund’s stock valued at $47,463,000 after buying an additional 5,217 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.6 %

QQQ opened at $495.32 on Friday. The stock’s 50 day moving average price is $480.10 and its 200-day moving average price is $466.30. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

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

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.