Platform Technology Partners Acquires 160 Shares of Invesco QQQ (NASDAQ:QQQ)

Platform Technology Partners raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,547 shares of the exchange traded fund’s stock after purchasing an additional 160 shares during the period. Platform Technology Partners’ holdings in Invesco QQQ were worth $1,731,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $28,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $40,000. CGC Financial Services LLC lifted its holdings in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares during the period. Finally, PFG Private Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 572.2% during the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 103 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1 %

Shares of Invesco QQQ stock opened at $513.84 on Tuesday. The company has a 50 day moving average of $485.37 and a 200-day moving average of $472.57. Invesco QQQ has a 1-year low of $375.24 and a 1-year high of $515.58.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.