SeaCrest Wealth Management LLC Buys 1,246 Shares of Invesco QQQ (NASDAQ:QQQ)

SeaCrest Wealth Management LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,981 shares of the exchange traded fund’s stock after acquiring an additional 1,246 shares during the period. Invesco QQQ accounts for approximately 1.5% of SeaCrest Wealth Management LLC’s portfolio, making the stock its 9th largest position. SeaCrest Wealth Management LLC’s holdings in Invesco QQQ were worth $13,657,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of QQQ. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ during the first quarter worth approximately $28,000. Mechanics Financial Corp purchased a new position in Invesco QQQ during the 2nd quarter worth $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ in the first quarter valued at $40,000. CGC Financial Services LLC increased its stake in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. raised its holdings in shares of Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $490.31 on Wednesday. The stock’s 50-day moving average price is $474.82 and its 200 day moving average price is $464.10. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is 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.