Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,463 shares of the exchange traded fund’s stock after buying an additional 479 shares during the quarter. Invesco QQQ makes up approximately 3.1% of Global Wealth Management Investment Advisory Inc.’s holdings, making the stock its 5th largest holding. Global Wealth Management Investment Advisory Inc.’s holdings in Invesco QQQ were worth $14,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arthur M. Cohen & Associates LLC grew its holdings in shares of Invesco QQQ by 0.8% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 10,292 shares of the exchange traded fund’s stock worth $4,953,000 after purchasing an additional 83 shares during the period. Geneva Partners LLC raised its position in shares of Invesco QQQ by 0.4% during the 3rd quarter. Geneva Partners LLC now owns 7,139 shares of the exchange traded fund’s stock valued at $3,484,000 after acquiring an additional 30 shares in the last quarter. United Advisor Group LLC increased its position in Invesco QQQ by 5.0% in the third quarter. United Advisor Group LLC now owns 4,815 shares of the exchange traded fund’s stock worth $2,350,000 after buying an additional 229 shares during the period. AlphaCentric Advisors LLC increased its position in Invesco QQQ by 28.4% in the third quarter. AlphaCentric Advisors LLC now owns 4,182 shares of the exchange traded fund’s stock worth $2,041,000 after buying an additional 925 shares during the period. Finally, Greenwood Capital Associates LLC increased its holdings in shares of Invesco QQQ by 4.8% during the third quarter. Greenwood Capital Associates LLC now owns 4,507 shares of the exchange traded fund’s stock valued at $2,200,000 after purchasing an additional 205 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded up $3.84 during mid-day trading on Tuesday, reaching $489.85. 2,482,720 shares of the stock were exchanged, compared to its average volume of 38,396,344. The business has a fifty day moving average price of $482.01 and a 200 day moving average price of $469.55. Invesco QQQ has a 1-year low of $366.91 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were 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 was 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.