Eaton Financial Holdings Company LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Eaton Financial Holdings Company LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,274 shares of the exchange traded fund’s stock, valued at approximately $6,967,000. Invesco QQQ accounts for 2.8% of Eaton Financial Holdings Company LLC’s portfolio, making the stock its 9th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ during the 2nd quarter worth $30,000. Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas bought a new position in Invesco QQQ in the 3rd quarter valued at approximately $62,000. CarsonAllaria Wealth Management Ltd. boosted its position in Invesco QQQ by 27.2% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 131 shares of the exchange traded fund’s stock valued at $63,000 after buying an additional 28 shares in the last quarter. Finally, Bray Capital Advisors grew its stake in shares of Invesco QQQ by 78.0% during the second quarter. Bray Capital Advisors now owns 146 shares of the exchange traded fund’s stock worth $70,000 after buying an additional 64 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.8 %

Shares of QQQ opened at $529.92 on Thursday. Invesco QQQ has a 52 week low of $394.41 and a 52 week high of $530.61. The stock has a fifty day moving average of $502.02 and a 200-day moving average of $482.98.

Invesco QQQ Cuts Dividend

The business also recently announced 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 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, September 23rd.

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.