Diversify Wealth Management LLC Purchases 700 Shares of Invesco QQQ (NASDAQ:QQQ)

Diversify Wealth Management LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 13.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,783 shares of the exchange traded fund’s stock after acquiring an additional 700 shares during the quarter. Diversify Wealth Management LLC’s holdings in Invesco QQQ were worth $2,824,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in QQQ. Edge Financial Advisors LLC purchased a new position in Invesco QQQ in the 3rd quarter valued at approximately $2,215,000. Highline Wealth Partners LLC purchased a new position in shares of Invesco QQQ in the third quarter valued at $8,404,000. Creekmur Asset Management LLC raised its stake in shares of Invesco QQQ by 4.5% during the 3rd quarter. Creekmur Asset Management LLC now owns 42,339 shares of the exchange traded fund’s stock valued at $20,665,000 after purchasing an additional 1,806 shares during the period. GSB Wealth Management LLC lifted its holdings in Invesco QQQ by 1.8% during the 3rd quarter. GSB Wealth Management LLC now owns 9,572 shares of the exchange traded fund’s stock worth $4,672,000 after purchasing an additional 169 shares in the last quarter. Finally, Trajan Wealth LLC boosted its stake in Invesco QQQ by 6.6% in the 3rd quarter. Trajan Wealth LLC now owns 2,267 shares of the exchange traded fund’s stock worth $1,106,000 after purchasing an additional 141 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1 %

Shares of QQQ traded down $0.45 during midday trading on Wednesday, hitting $499.71. 10,652,069 shares of the company traded hands, compared to its average volume of 38,557,328. The stock has a 50-day moving average of $481.19 and a 200-day moving average of $467.84. Invesco QQQ has a one year low of $346.62 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend 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.