Henrickson Nauta Wealth Advisors Inc. Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Henrickson Nauta Wealth Advisors Inc. bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 953 shares of the exchange traded fund’s stock, valued at approximately $465,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ during the first quarter valued at approximately $28,000. Deane Retirement Strategies Inc. bought a new stake in Invesco QQQ during the 1st quarter valued at $29,000. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ in the 2nd quarter valued at $30,000. Voisard Asset Management Group Inc. bought a new position in shares of Invesco QQQ in the 4th quarter worth $35,000. Finally, Chelsea Counsel Co. bought a new position in shares of Invesco QQQ in the 1st quarter worth $40,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded up $4.48 during trading hours on Monday, reaching $497.84. The stock had a trading volume of 7,698,793 shares, compared to its average volume of 39,151,973. The business’s 50 day moving average price is $472.55 and its 200-day moving average price is $463.40. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be paid a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.54%.

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.