Blake Schutter Theil Wealth Advisors LLC Makes New $831,000 Investment in Invesco QQQ (NASDAQ:QQQ)

Blake Schutter Theil Wealth Advisors LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,703 shares of the exchange traded fund’s stock, valued at approximately $831,000.

A number of other hedge funds also recently modified their holdings of QQQ. New Covenant Trust Company N.A. bought a new position in Invesco QQQ during the 1st quarter worth $28,000. Mechanics Financial Corp bought a new position in Invesco QQQ during the second quarter worth about $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ in the 1st quarter valued at about $40,000. CGC Financial Services LLC boosted its holdings in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its position in shares of Invesco QQQ by 30.4% during the 1st 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. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.7 %

NASDAQ QQQ opened at $505.58 on Thursday. The company has a 50 day moving average of $483.00 and a 200-day moving average of $470.34. Invesco QQQ has a 1-year low of $369.05 and a 1-year high of $506.41.

Invesco QQQ Cuts Dividend

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

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.