Commonwealth Retirement Investments LLC Takes $205,000 Position in Invesco QQQ (NASDAQ:QQQ)

Commonwealth Retirement Investments LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 419 shares of the exchange traded fund’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WFA Asset Management Corp raised its stake in Invesco QQQ by 70.6% during the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after purchasing an additional 1,894 shares during the period. PBCay One RSC Ltd raised its stake in shares of Invesco QQQ by 6.2% in the 1st quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock valued at $166,504,000 after acquiring an additional 22,000 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Invesco QQQ by 140.6% in the 1st quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock valued at $108,000 after acquiring an additional 142 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $844,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $11,491,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ traded down $0.07 during trading hours on Tuesday, hitting $513.77. 5,076,102 shares of the company’s stock were exchanged, compared to its average volume of 38,204,531. Invesco QQQ has a 12-month low of $375.24 and a 12-month high of $515.58. The firm has a 50 day moving average of $485.37 and a 200 day moving average of $472.57.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.53%.

Invesco QQQ Company 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.