Smith Thornton Advisors LLC Buys 95 Shares of Invesco QQQ (NASDAQ:QQQ)

Smith Thornton Advisors LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% in the third quarter, Holdings Channel.com reports. The firm owned 5,250 shares of the exchange traded fund’s stock after acquiring an additional 95 shares during the period. Invesco QQQ makes up about 1.7% of Smith Thornton Advisors LLC’s investment portfolio, making the stock its 18th largest position. Smith Thornton Advisors LLC’s holdings in Invesco QQQ were worth $2,562,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp lifted its position in Invesco QQQ by 70.6% during the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after buying an additional 1,894 shares in the last quarter. PBCay One RSC Ltd raised its stake in shares of Invesco QQQ by 6.2% during the 1st quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after purchasing an additional 22,000 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted its holdings in shares of Invesco QQQ by 10.5% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 5,483 shares of the exchange traded fund’s stock valued at $2,435,000 after buying an additional 519 shares during the last quarter. LPF Advisors LLC grew its stake in shares of Invesco QQQ by 1.5% in the first quarter. LPF Advisors LLC now owns 24,570 shares of the exchange traded fund’s stock valued at $10,909,000 after buying an additional 371 shares in the last quarter. Finally, Nelson Capital Management LLC bought a new stake in Invesco QQQ during the first quarter worth $381,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 1.6 %

Shares of QQQ stock opened at $513.54 on Friday. The company has a fifty day moving average price of $483.00 and a two-hundred day moving average price of $470.34. Invesco QQQ has a one year low of $369.57 and a one year high of $514.33.

Invesco QQQ Cuts Dividend

The firm also recently declared 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 0.53%. 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.